Hi,
The rate of Service Tax in composition scheme is 4%.
I want to know wether Edu cess and Sec & higher Edu cess will be applied on the rate of 4%?
It will be nice if reply is alongwith some backup.
Regards,
RJ
Ritesh Jain (CA, CS in Job) (675 Points)
25 June 2009Hi,
The rate of Service Tax in composition scheme is 4%.
I want to know wether Edu cess and Sec & higher Edu cess will be applied on the rate of 4%?
It will be nice if reply is alongwith some backup.
Regards,
RJ
annapurna
(Chartered Accountant)
(506 Points)
Replied 09 July 2009
Originally posted by :R!t35H J @ !N | ||
" |
Hi, Yes the basic education cess and secondary education cess is applicable on composition rate of 4%. so effectively the rate of compoistion service tax rate is 4.12%.
|
" |
Arun Kumar Singh
(GST Advocate)
(15215 Points)
Replied 10 July 2009
Yes, edu Cess and Higher Edu Cess will be applied on 4%.
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)