GOOD EVENING TO ALL EXPERT, TODAY WE READ IN DAINIK BHASKER THAT SERVICE TAX RATE 14% INCLUSIVE EDUCATION CESS AND ALSO ADDITIONAL 2% SURCHARGE.WHAT IS THE MEANS OF THIS.I ALSO ATTACTHED A JPEG FOR UNDERSTANDING THSI MATTER PLEASE HELP ME
In the current budget.. Service tax rate has been proposed to 14 % including cess... so it means now we need not to calculate ces on this 14 % amount as we ususally do previously like 12 % + .24+.12 = 12.36
now its 14 % Net rate
when the new service tax rate will be applicable.
1-1 march 2015
2-when government will notify
govt wil notify after the approval of budget documents....
TILL SERVICE TAX RATE WILL BE 12.36
yes.........!!!!!!!!!!!!!!!!!!
BUT SIR IN EVERY BUDGET WHEN RATE OF SERVICE TAX INCREASED OR DECREASED THEN NEXT DAY RATE AUTOMATIC CHANGED.BUT SIR IN THAT Y RATE NOT CHANGED
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