As per budget Service tax and Excise Duty has increased from 10.3% to 12.36%, so any one tell me what is the effective date for new rates?
Rengasamy.R (CA Final) (228 Points)
22 March 2012As per budget Service tax and Excise Duty has increased from 10.3% to 12.36%, so any one tell me what is the effective date for new rates?
CA D R P
(Chartered Accountant)
(313 Points)
Replied 22 March 2012
For service tax it will be effective from 1/4/2012....
For excise it is 17/3/2012....
trendycollections
(CEO)
(21 Points)
Replied 23 March 2012
Hi everyone, I know that to improve our country , the service tax is needed . I know that the money , which comes from the service tax, is used in to the our country , where needed.
I think that the government wants to add the new tax in the every 3years so that if the money is increase then tax is alao increase.
Thanking you .
Pradip Narsingani
(Income Tax & GST Consultant/ CA-Final)
(572 Points)
Replied 23 March 2012
| Originally posted by : D R P | ||
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For service tax it will be effective from 1/4/2012.... For excise it is 17/3/2012.... |
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Maneesh Kumar
(B.Com M.Com STUDENT CWA IPCC)
(507 Points)
Replied 23 March 2012
Service tax it will be effective from 1/4/2012.
Mihir Doshi
(B.Com, CA, CS, LLB)
(2187 Points)
Replied 23 March 2012
Yes Unless otherwise mentioned in any notification, date of applicability of Excise is 17th March 2012 while Service tax from 1st April 2012
Thanks
Mihir Doshi
surender
(Manager Accounts)
(149 Points)
Replied 27 March 2012
Amended Service Tax will applicable w.e.f 01-04-12
Nari Bhote
(Proprietor)
(22 Points)
Replied 09 April 2012
In budget 2012, somewhere I had read that the exemption limit for Service Tax has been increased to Rs. 50 Lakhs. Is this true? Please, can someone tell me what is the latest exemption limit, as per this budget?
Mihir Doshi
(B.Com, CA, CS, LLB)
(2187 Points)
Replied 09 April 2012
CAclubindia
