12 January 2011
Dear Sir/Friend, General service tax rate is 10% currently. Why the aviation industry, still now, is paying tax @12%(effectively 12.36%) to the Govt. ?
12 January 2011
Dear Experts, Kindly clarify my doubt as like in the above case. In our company, the bankers charges commission on bank guarantees issued for us. They charge ST@12.36% even though the effective rate is 10%. We have asked for clarification. but they aren't give us a valid reason. Can anyone clarify? pls....