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Service tax rate for nov 12

Mehak (CA FINAL STUDENT) (51 Points)

06 July 2012

what is service tax rate applicable for november 12 exams? Its 10% or 12%?? please reply..

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Aarush (Delhi) (1566 Points)
Replied 06 July 2012

A.Y. 2012-13 will be applicable for Nov 2012 exams, hence it should be be 12.36% (new rates).

but i gave exam of cwa final in june 2012 and in exam question specially mentioned the rate have to taken like in one question it was state to take 10% and in another it was state to take 12%.

dont worry on tax rate applicable in exam, you can also make a note before starting question, rate is not matter either you chose 12% or 10%.

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Deepak Gupta (CA Student) (15922 Points)
Replied 06 July 2012

Originally posted by : Mehak
	what is service tax rate applicable for november 12 exams? Its 10% or 12%?? please reply..

Rate of Service Tax: The ST rate increased to 12% from 10% from FY 2012–2013. Hence, for the November 2012 exams, students are required to apply rate of 10% only.
Padhuka's Legal Updates in Indirect Taxes (01.11.2011 to 30.04.2012)
(Applicable for November 2012 Exams)

Attached File : 555789 1010524 legal updates for nov 2012 exams.pdf downloaded: 335 times

Mehak (CA FINAL STUDENT) (51 Points)
Replied 07 July 2012

Deepak i read this update and then only asked this qstn bcoz as per this update the rate is 10% but as per bangar sir's book rate applicable is 12%... So m bit confused...