Service Tax Rate

This query is : Resolved

Vijay D (Querist)
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04 November 2009 Dear Sir

I have some doubt on Service Tax Rates under composition scheme.

Earlier when Rate was 12.36% it comes out 4.12% (12.36% of 33.33% Value =4.12%)

At present Rate is 10.30% hence It should come 3.43% (10.30% of 33.33% = 3.43%)

But during one discussion I came to know that Rate of Service Tax under Composition scheme is still 4.12%.

Please confirm me whether it is true or 3.43% is correct.

Thanks

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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04 November 2009 It is 4.12%.

Vijay D

Vijay D (Querist)
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05 November 2009 Thanks for the reply.

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Guest

Guest (Expert)

10 November 2009 No there is no relationship between General Rules & Rules under composition Scheme.

There all together different Rate i.e. 4% plus 2% EC & 1% HS & EC