Dear Experts
I want to know how to account and pay for EC and SHEC under new ST rate of 14%. Is any back calculation to be done or whole 14% ST is to be paid and accounted as Service Tax (including EC & SHEC). Is there no need for separate accounting codes for GAR7 anymore?
Thank you
Rahul Mishra
Yes, there is a flat rate of 14%, no EC & no SHEC.....
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CAclubindia
