present catagary of service tax

This query is : Resolved

HARISH ARORA (Querist)
Follow

29 January 2008 29/01/2008

Dear all friends,

Pl. confirm me latest/present catagary of service tax & rate is flat or change catagarywise.

Thanks,

harish

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
Follow

29 January 2008 Rate of service tax is a flat rate but where any service category has an abatement, rate should be arrived after subtracting the abatement rate proportionately.

Devendra Mishra

Devendra Mishra (Expert)
Follow

30 January 2008 Dear Harish,

The rate of Service Tax is 12.36% However in case of abatement in case of certiain services we have to tajke care in that respect .

Suppose in case of Outdoor caterers an abatement of 50% is provided.

Upgrade to CAclubindia Pro. Subscribe Now!

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
Follow

30 January 2008 the rate of service tax is 12% plus ec & hes. some specified services get abatements but there is no basic exemption in service tax, service tax liability starts from rs one there are nea above 100 taxable services which service you give that is not given in your quiry whether it is taxable or not