As per budget Service tax and Excise Duty has increased from 10.3% to 12.36%, so any one tell me what is the effective date for new rates?
8 Replies
CA D R P
(Chartered Accountant)
(313 Points)
Replied 22 March 2012
For service tax it will be effective from 1/4/2012....
For excise it is 17/3/2012....
trendycollections
(CEO)
(21 Points)
Replied 23 March 2012
Hi everyone, I know that to improve our country , the service tax is needed . I know that the money , which comes from the service tax, is used in to the our country , where needed.
I think that the government wants to add the new tax in the every 3years so that if the money is increase then tax is alao increase.
Thanking you .
Pradip Narsingani
(Income Tax & GST Consultant/ CA-Final)
(572 Points)
Replied 23 March 2012
| Originally posted by : D R P | ||
 |
For service tax it will be effective from 1/4/2012.... For excise it is 17/3/2012.... |
 |
Maneesh Kumar
(B.Com M.Com STUDENT CWA IPCC)
(507 Points)
Replied 23 March 2012
Service tax it will be effective from 1/4/2012.
Mihir Doshi
(B.Com, CA, CS, LLB)
(2187 Points)
Replied 23 March 2012
Yes Unless otherwise mentioned in any notification, date of applicability of Excise is 17th March 2012 while Service tax from 1st April 2012
Thanks
Mihir Doshi
surender
(Manager Accounts)
(149 Points)
Replied 27 March 2012
Amended Service Tax will applicable w.e.f 01-04-12
Nari Bhote
(Proprietor)
(22 Points)
Replied 09 April 2012
In budget 2012, somewhere I had read that the exemption limit for Service Tax has been increased to Rs. 50 Lakhs. Is this true? Please, can someone tell me what is the latest exemption limit, as per this budget?
Mihir Doshi
(B.Com, CA, CS, LLB)
(2187 Points)
Replied 09 April 2012
The limit for ST is still Rs.10 lacs only. Only payment of ST on accrual basis, which was introduced from April,2011 was removed for ST assesses, who are either individual or partnership firm, whose ST turnover in the previous year does not exceed Rs.50 lacs, can pay ST on collection basis. This facility is not applicable to Companies.
Recent Topics
- Nznxnc call me at the end of the day of the
- Cp chod doob zoom vo book book
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
Related Threads
CAclubindia
