Service tax rate for nov 12

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what is service tax rate applicable for november 12 exams? Its 10% or 12%?? please reply..

Replies (4)

A.Y. 2012-13 will be applicable for Nov 2012 exams, hence it should be be 12.36% (new rates).

but i gave exam of cwa final in june 2012 and in exam question specially mentioned the rate have to taken like in one question it was state to take 10% and in another it was state to take 12%.

dont worry on tax rate applicable in exam, you can also make a note before starting question, rate is not matter either you chose 12% or 10%.

Originally posted by : Mehak

what is service tax rate applicable for november 12 exams? Its 10% or 12%?? please reply..

Rate of Service Tax: The ST rate increased to 12% from 10% from FY 2012–2013. Hence, for the November 2012 exams, students are required to apply rate of 10% only.
Padhuka's Legal Updates in Indirect Taxes (01.11.2011 to 30.04.2012)
(Applicable for November 2012 Exams)

 

Deepak i read this update and then only asked this qstn bcoz as per this update the rate is 10% but as per bangar sir's book rate applicable is 12%... So m bit confused...

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

https://taxbykk.blogspot.in/

 


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