Service Tax Rate

Vijay D (Finance Executive) (227 Points)

04 November 2009  

Hello Freinds,

I have some doubt on Service Tax Rates under composition scheme.

Earlier when Rate was 12.36% it comes out 4.12% (12.36% of 33.33% Value =4.12%)

At present Rate is 10.30% hence It should come 3.43% (10.30% of 33.33% = 3.43%)

But during one discussion I came to know that  Rate of Service Tax under Composition scheme is still 4.12%.

Please confirm me whether it is true or 3.43% is correct.

Thanks