Pls answer this query asap (ca final)

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Pls tell me with 100% confirmation k service tax ka rate applicable for nov.2012 is 10% or 12.36%? Wat i think is k 12.36% toh FA-2012 mei aya tha, so how can it be applicable?

Also,since 32 services have been kept outside the scope for examination purpose, toh service tax mei aur bacha he kya,procedure and all that things are left only,just wanted to confirm if i have interpreted the announcement correctly or not

Replies (3)

 

The new rate of service tax is applicable from 1-4-2012. 
New rate 12.36%
Old rate 10.3%
For Nov 2012 exam both the rates shall be asked.
Which rate of service tax shall be applied shall depend upon point of taxation rules. i.e. raising of invoice and date of payment.
All the best
Regards,
RAJESH CHOUDHARY

applicable rate is 10% and not 12.36%

its 12.3% mam nd any updates all relavant ca cn be updated by icai in practice manuals nd in rtps ........so plz go through that........ur doubts will be clarified

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