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Service tax rate applicable for ipcc november,2012.

Leez (none) (133 Points)

27 August 2012

Can someone kindly tell me what the applicable service tax rate for IPCC november, 2012 is? Is it 10(+3)% or 12(+3)%?

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17 Replies

Swami Ayyappa Nuli (TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER) (1372 Points)
Replied 27 August 2012

10.30% for nov 2012

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*JaiNitH KuMaR* (*Aspire Then Inspire* !!) (217 Points)
Replied 27 August 2012

10.30% only for nov 12 exams :)

Leez (none) (133 Points)
Replied 27 August 2012

Thanks for the replies.

PoornimaRao (student) (27 Points)
Replied 28 August 2012

hi jainith

are u sure about this?

*JaiNitH KuMaR* (*Aspire Then Inspire* !!) (217 Points)
Replied 28 August 2012

Yeah.. I'm pakka sure ! As I'm also appearing for IPCC nov 12 only :)

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vipul jain (EFFORTS NEVER FAIL) (2894 Points)
Replied 31 August 2012

for Nov. 2012 exams s.tax rate ---- 12.36%

Thanks & Regards

Vipul jain

vikas aggarwal (student) (29 Points)
Replied 31 August 2012

some say its 12%...wats da exact rate?

*JaiNitH KuMaR* (*Aspire Then Inspire* !!) (217 Points)
Replied 31 August 2012

Originally posted by : vipul jain
	for Nov. 2012 exams s.tax rate ---- 12.36% Thanks & Regards Vipul jain

No vipul bhai..

According to the latest journal from icai its says that :

service tax rate will be applicable as given in publication of dec 2011.. for Ay 12-13..

And the rate given in the dec 2011 publicaton book is 10.30%

For the reference i'm attachimg file i.e. latest jouranl by ICAI for the month august.. :)

Attached File : 682913 1047884 icai aug 2012.pdf downloaded: 474 times

Leez (none) (133 Points)
Replied 31 August 2012

As per Supplementary Study Paper 2011, the service tax rate applicable for november,2012 exam is 10.3%. I was confused before I checked the aforementioned source. Thank you everybody for your replies.

vipul jain (EFFORTS NEVER FAIL) (2894 Points)
Replied 01 September 2012

Good evg frnds.....

RTP-Nov. 2012 ==>> As per RTP relevant for nov 2012 exam,, S.tax rate is 12 % puls cess....

chk dis link....page no. 9

Attached File : 446388 1048308 rtp.pdf downloaded: 240 times

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*JaiNitH KuMaR* (*Aspire Then Inspire* !!) (217 Points)
Replied 01 September 2012

Bhai vipul..

The file which u provided says that 12.3% will be applicable only on and after 01.04.2012 i.e. it will be applicable for assement year 13-14 but not for AY 12-13..

As we are writing for nov 12 the provisions related to AY 12-13 will only apply.. therefore the tax rate for the AY 12-13 is 10.30% only.. so 10.30% applies

Now plzz don create any further doubtz n confusion :)

Thanking you

niraj dixit (ABC) (29 Points)
Replied 12 September 2012

as per the RTP the ST rate is 12%

(Guest)

frnds dnt get confuse.....its d time to revise not to confuse...st applicable rate is 12% basic and cess 3% in total 12.36%

prachi shrotriya (12) (41 Points)
Replied 19 October 2012

what is the amount of service tax payable on every 10 Lakh (or part of 10 Lakh) of aggregate face value of lottery tickets printed by the organising State for a draw?? i need the answer as per the amendments applicable for ipcc nov 2012.....

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