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Service tax rate on event management services

Service Tax (Legacy) 1030 views 5 replies
i found in google that on the service of event management service is ST @ 10% of service valus+ @ 2% Edu Cess on service tax value + @ 1% Higher Edu Cess on service value, its totally different from 14% ST+0.5% SBC+0.5% KKC .......i need to know the the reason behind it......?
Replies (5)
Normal service tax is 15%

i know the normal ST rate is 15%..................thanks for that but my question is not that 

 

As mentioned on google the rate of 10% was when service tax was made applicable on this servics as on 16.08.2002
but as of now it is 14%+0.5%+0.5%

I FOUND THE RATE ON THE WEBSITE OF CBEC, I WANT KNOW THE REASON BEHIND IT.

A)    Date of Introduction:

16.08.2002 vide Notification No.8/2002-ST, dated 01.08.2002.

 

(B) Definition and scope of service:

(i) "Event Management" means any service provided in relation to planning, promotion, organizing or presentation of any arts, entertainment, business, sports, [marriage]* or any other event and includes any consultation provided in this regard;

(Section 65(40) of the Finance Act, 1994)

 

(ii) "Event Manager" means any person who is engaged in providing any service in relation to event management in any manner;

(Section 65(41) of the Finance Act, 1994)

 

"Taxable Service" means any service provided or to be provided, [to any person], by an event manager in relation to event management.

(Section 65 (105) (zu) of the Finance Act, 1994)

 

(C) Rate of Tax & Accounting Code:

 

Rate of Tax

Accounting Code

Service Tax

10% of the value of services

00440197

Education Cess

2% of the service tax payable

00440298

Secondary and Higher Education cess

1% of the service tax payable.

00440426

Other -Penalty/interest

As levied or applicable

00440198

(Rate of tax is effective from 24.02.2009.)

 Courtesy: https://www.cbec.gov.in/htdocs-servicetax/st-profiles/event-mgmt


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