list of the rate of service tax on different services
This query is : Resolved
08 April 2009
hello everybody,
can anyone give me the list of service tax charged on different catageries or on different services.
i will be glad to get this.
regards
sachin
can anyone give me the list of service tax charged on different catageries or on different services.
i will be glad to get this.
regards
sachin
11 April 2009
The current rate of service tax is 10% plus 2% ed cess and 1% SHE cess.
All services are subject to this rate
But there are 12 services which enjoy abatement from the taxable value.
Eg. Rent a cab services gets 60% abatement
so if he raises a bill of Rs. 100/- he will charge service tax on Rs. 40 @ 10% Plus 2% plus 1% as above.
If you divide the service tax with Rs. 100 the % will be 4.12% but what actually he has paid is 10+2+1
All services are subject to this rate
But there are 12 services which enjoy abatement from the taxable value.
Eg. Rent a cab services gets 60% abatement
so if he raises a bill of Rs. 100/- he will charge service tax on Rs. 40 @ 10% Plus 2% plus 1% as above.
If you divide the service tax with Rs. 100 the % will be 4.12% but what actually he has paid is 10+2+1
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
