What is the rate of service tax in 2011 12?
What is the rate of service tax in 2011 12?
The rate of Service Tax is 14% (including education cess), payable on the “gross value of taxable service”. In addition to this, Swach Bharat Cess at the rate of 0.5% and Krishi Kalyan Cess at the rate of 0.5 and is payable on the Service Tax amount.
What is the percentage of service tax?
15%
2016 Union budget of India has proposed to impose a cess, called the Krishi Kalyan Cess, at 0.5% on all taxable services effective from 1 June 2016. The current service tax is at 15%.
What was the Service Tax rate in 2013 14?
12%
In Budget 2013 ,No change has been proposed to amend basic Service Tax rates it remains at 12% plus 3 % surcharge. However there are amendment in Negative list (addition /deletions) and abatement rates,penalties and a new Amnesty Scheme for service Tax defaulters has been proposed.
What is the Service Tax rate for FY 2015 16?
The Ministry of Finance increased the Service Tax rate in May 2015, and it was effective from June 2015. The service tax rate was increased from 12.36% to 14% and the new rate subsumed a couple of cesses in the process.
What was the service tax rate in 2017 18?
The service tax rate was increased from 12.36% to 14% and the new rate subsumed a couple of cesses in the process. Note: Service Tax has been replaced by the Goods and Services Tax (GST) starting 1 July 2017.
What was the Service Tax rate in 2017 18?
What is the service tax in India?
Service tax was a tax on provision of services. it is ablolished after introduction of GST in India. It was collected by the provider of services from the consumer and deposit with the government. It used to levied on the total value of services provided.
What is the rate of service tax in 2012-13?
07 July 2012 What is the rate of service tax in 2012-13? Change in main rate of service tax: Notification No. 08/2009 dated 24.02.2009 was issued to reduce rate of service tax from 12% to 10%. The said notification has been rescinded by Notification no. 02/2012 dated 17.03.2012 w. e. f. 01.04.2012.
What is the new rate of service tax?
RATE OF SERVICE TAX (applicable w.e.f. 01.04.2012): Read How you can avoid 12.36 % Tax means cases where 10.30 % tax can be charged 1. The rate of service tax is being increased from ten per cent. to twelve per cent. 2.
What is the effective rate of service tax including education cess?
Thus, now, w. e. f. 01.04.2012, effective rate of service tax (including education cess and S. H. Cess) has been increased to 12.36%. 07 July 2012 YES AGREE WITH ABOVE..\\