Service tax revised rate are 14 % or 14.36%
This query is : Resolved
09 May 2015
Dear Experts,
I am confusing in creating a service tax invoice. request you to solve my query.
I Just want to raise a invoice to my client how much service tax should i charge after 01.04.2015.
12.36 or 14 % or 14.36.
I am confusing in creating a service tax invoice. request you to solve my query.
I Just want to raise a invoice to my client how much service tax should i charge after 01.04.2015.
12.36 or 14 % or 14.36.
CA AnKiT BoHrA (AB)
(Expert)
09 May 2015
it is 12.36 %... so charge this... new rate wil come in effect once it get notified...!!
Message likes :
1 times
10 May 2015
You need to charge Service Tax @ 12.36%. New rate is yet to be notified.
Also check out CBEC Clarification from link given below in this regard:
https://www.caclubindia.com/news/cbec-clarifies-rate-of-service-tax-is-12-36--14824.asp#.VTPLriGqqko
Also check out CBEC Clarification from link given below in this regard:
https://www.caclubindia.com/news/cbec-clarifies-rate-of-service-tax-is-12-36--14824.asp#.VTPLriGqqko
14 May 2015
Hon’ble President has given assent to Finance Bill, 2015 and now it became Finance Act (No.20)2015.
Notification for effective date regarding increase in service tax rate from 12.36% to 14% is still awaited.
Notification for effective date regarding levy of Swachh Bharat Cess of 2% also awaited.
Now Service Tax Notification in this regard is expected to be out very soon.
Notification for effective date regarding increase in service tax rate from 12.36% to 14% is still awaited.
Notification for effective date regarding levy of Swachh Bharat Cess of 2% also awaited.
Now Service Tax Notification in this regard is expected to be out very soon.
CA AnKiT BoHrA (AB)
(Expert)
15 May 2015
Exactly agreed... It will b soon
CA AnKiT BoHrA (AB)
(Expert)
15 May 2015
Your welcome gaurav
19 May 2015
Revised Service Tax Rate will be applicable from 01.06.2015.
Refer Notification No 14/2015 Dated 19.05.2015 from link given below:
https://www.caclubindia.com/forum/files/555789_20150519211107_notification.pdf
https://www.caclubindia.com/forum/files/555789_20150519213343_tru_letter.pdf
Refer Notification No 14/2015 Dated 19.05.2015 from link given below:
https://www.caclubindia.com/forum/files/555789_20150519211107_notification.pdf
https://www.caclubindia.com/forum/files/555789_20150519213343_tru_letter.pdf
CA AnKiT BoHrA (AB)
(Expert)
20 May 2015
Yes new rate it applicable now i.e.14% till any notifIcation came regarding cess from 1st june....
21 May 2015
Thanks for your Valuable reply sir's.
Can you please tell me that the revised service tax rates would be only 14 % or 14% plus cess(14.36%).
Can you please tell me that the revised service tax rates would be only 14 % or 14% plus cess(14.36%).
CA AnKiT BoHrA (AB)
(Expert)
21 May 2015
it is only 14 % Gaurav as off now...
because no cess had been notified yet...
hope so it wil b notified before 1st june 2015
because no cess had been notified yet...
hope so it wil b notified before 1st june 2015
21 May 2015
Gaurav please check the links given aboveIit is self explanatory. Rate will be 14% only till any further notification.
21 May 2015
Thank you very much for assist me sir.
It was a great experience with you.
I will be defiantly in touch with you guys for any problem in future.
It was a great experience with you.
I will be defiantly in touch with you guys for any problem in future.
CA AnKiT BoHrA (AB)
(Expert)
21 May 2015
sure.. you are most welcome friend.. all the best
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