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%.
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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)
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