Service tax revised rate are 14 % or 14.36%

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Gaurav (Querist)
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09 May 2015 Dear Experts,
I am confusing in creating a service tax invoice. request you to solve my query.
I Just want to raise a invoice to my client how much service tax should i charge after 01.04.2015.

12.36 or 14 % or 14.36.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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09 May 2015 it is 12.36 %... so charge this... new rate wil come in effect once it get notified...!!

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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10 May 2015 You need to charge Service Tax @ 12.36%. New rate is yet to be notified.

Also check out CBEC Clarification from link given below in this regard:

https://www.caclubindia.com/news/cbec-clarifies-rate-of-service-tax-is-12-36--14824.asp#.VTPLriGqqko

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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14 May 2015 Hon’ble President has given assent to Finance Bill, 2015 and now it became Finance Act (No.20)2015.

Notification for effective date regarding increase in service tax rate from 12.36% to 14% is still awaited.

Notification for effective date regarding levy of Swachh Bharat Cess of 2% also awaited.

Now Service Tax Notification in this regard is expected to be out very soon.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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15 May 2015 Exactly agreed... It will b soon

Gaurav

Gaurav (Querist)
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15 May 2015 Thank you Very Much to both of you sir

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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15 May 2015 Your welcome gaurav

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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19 May 2015 Revised Service Tax Rate will be applicable from 01.06.2015.

Refer Notification No 14/2015 Dated 19.05.2015 from link given below:

https://www.caclubindia.com/forum/files/555789_20150519211107_notification.pdf

https://www.caclubindia.com/forum/files/555789_20150519213343_tru_letter.pdf

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CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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20 May 2015 Yes new rate it applicable now i.e.14% till any notifIcation came regarding cess from 1st june....

Gaurav

Gaurav (Querist)
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21 May 2015 Thanks for your Valuable reply sir's.
Can you please tell me that the revised service tax rates would be only 14 % or 14% plus cess(14.36%).

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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21 May 2015 it is only 14 % Gaurav as off now...

because no cess had been notified yet...

hope so it wil b notified before 1st june 2015

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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21 May 2015 Gaurav please check the links given aboveIit is self explanatory. Rate will be 14% only till any further notification.

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Gaurav

Gaurav (Querist)
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21 May 2015 Thank you very much for assist me sir.
It was a great experience with you.

I will be defiantly in touch with you guys for any problem in future.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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21 May 2015 sure.. you are most welcome friend.. all the best