Regarding services tax rate @14% &swacch bharat cess @ 2%

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(Querist)
13 April 2015 As per new rules introduced in Union Budget 2015, the rate of service tax is raised from 12.36% to 14% therefore removing Education cess and SHEC.please confirm it is ok

& Also suggest A Swacch Bharat cess @ 2% is will be charged on 14% Services Value . it is right . please confirm if our clacution is worng

Service Invoice Value Rs. 100.00
Service @14% Rs. 14.00
Swacch Bharat cess @ 2% Rs. .28
Total 114.28


please confirm regarding above calculation is ok

Manish
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
13 April 2015 Dear Manish, this calculation is not in use right now.. wait for the new rate notification until that use only the old rate

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