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Service tax query

IPCC 933 views 2 replies

shobhit chandra

ipcc student

707 Points Posted on 10 September 2012

FRIENDS....I HEARD ABT SOME AMMENDMENDS IN SERVICE TAX AND SOMETHING RELATED TO SERVICES.....I WANTS ANY1 TO PLS PROVIDE ME A COMPLETE SERVICE TAX FILE FOR EXAMINATION PURPOSE INCLUDING NUMERICALS OF SERVICE TAX...

Replies (2)

CA Sahil Singla..

Service Tax

3746 Points Posted on 10 September 2012

The changes in Service tax are not applicable for Nov 2012 Exams, For Nov 2012 exams, visit ICAI website for Publications.

CS RAJESH C.CHOUDHARY

ASSISTANT MANAGER

14607 Points Posted on 10 September 2012

As per section 66, rate of service tax is 12% of the value of taxable services. However, in February 2009, the rate of service tax was reduced to 10% vide Notification No.8/2009 ST dated 24.02.2009.

With effect from 01.04.2012, Notification No. 02/2012-ST dated 17.03.2012 rescinded the said notification and resultantly, the rate of service tax has again been restored to 12%.

Please find the file attached herewith.

Regards,

RAJESH CHOUDHARY