tax rate

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Abinash panda

Abinash panda (Querist)
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12 February 2011 dear sir,
Anything changed in service tax chargable rate in AY 2011-12
Thank u in adv.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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12 February 2011 dear sir,

No notification issued till date.

At present, the effective rate of Service tax is 10.36 %. The above rate comprises of Service tax @ 10 % on “Gross Value of taxable service”. Education cess [EC] @ 2 % on service tax amount. Secondary and Higher Education cess [SHE] @ 1 % on service tax amount.

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