04 September 2012
The Current of Service Tax Rate is 12% Education Cess @ 2% and Senior and Higher Education Cess @ 1% are also liable to be payable on the above Service Tax Rate. Service Tax Rate = 12% (+) Education Cess @ 2% = 0.2% (+) Senior & Higher Education Cess @ 1% = 0.1% Effective Service Tax Rate = 12.36%
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