Service Tax Rate changes from 12.36% to 14.00% w.e.f. 01/06/2015.
What will be the impact of Rates on those who comes under partial reverse mechanism.?
Here i tried little bit to help those.
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RATIO ANALYSIS OF SERVICE TAX RATE (12.36% & 14.00%) |
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(If Partial Reverse applicable) |
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Partial Reverse Rates |
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Particulars |
S.T Rate |
10.00% |
20.00% |
30.00% |
40.00% |
50.00% |
60.00% |
70.00% |
80.00% |
90.00% |
100.00% |
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Basic Service (e.g) |
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100,000.00 |
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Tax Amount (at Old Rate) |
12.36% |
1,236.00 |
2,472.00 |
3,708.00 |
4,944.00 |
6,180.00 |
7,416.00 |
8,652.00 |
9,888.00 |
11,124.00 |
12,360.00 |
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Ratio (Old) |
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1.24 |
2.47 |
3.71 |
4.94 |
6.18 |
7.42 |
8.65 |
9.89 |
11.12 |
12.36 |
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Tax Amount (at New Rate) |
14.00% |
1,400.00 |
2,800.00 |
4,200.00 |
5,600.00 |
7,000.00 |
8,400.00 |
9,800.00 |
11,200.00 |
12,600.00 |
14,000.00 |
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Ratio (New) |
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1.40 |
2.80 |
4.20 |
5.60 |
7.00 |
8.40 |
9.80 |
11.20 |
12.60 |
14.00 |
Please find an attachments
/editor_upload/122569_20150601164347_ratio_analysis_of_service_tax_rates.xlsx
Regards
Deepak Sharma
CAclubindia
