Service tax %

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SAM KOSHY

SAM KOSHY (Querist)
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25 March 2008
I would like to know the service tax % to be paid for various services as at today

S.K.

Prasad R

Prasad R (Expert)
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25 March 2008 Service tax % at present is 12.36% on various services which includes 12% service tax rate + 2%Education cess on service tax + 1 % Higher Secondary Education Cess on service tax.
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Prasad.R

CA Praveen Chopra

CA Praveen Chopra (Expert)
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26 March 2008 Mr.Prasad is correct

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R.V.RAO

R.V.RAO (Expert)
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26 March 2008 SERVICE TAX % IS 12.36 ON ALL TAXABLE SERVICES INCL. EDU.CESS AND HR. EDU.CESS.
THE EXEMPTION LIMIT AS INCREASED IN BUDGET 2008 IS RS. 10 LAKHS(FROM RS. 8 LAKHS AT PRESENT) WEF 01-04-08.
R.V.RAO