Please tell me about service tax? And service tax latest
rate?
Answers were Sorted based on User's Feedback
Answer / justin
Tax collected against service oriented activities. (eg;
labour charges / errection , consultancy charges , and all
without involved machinery activities (purely manpower) etc.,
our current ROT is 10.3%
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ganesan m
Service Tax - 12%
E.D - 2%
H.E.D - 1%
Total S.T - 12.3% (Applicable for 1st April - 2012 onwards)
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mohd. jakir
current Service Tax Rate =12%
education cess =2%
H. education cess =1%
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sai
service tax12.36 service tax 10% and education cess2 higher
educaation cess 1.6
Is This Answer Correct ? | 1 Yes | 11 No |
Answer / swapna
actually service tax rate is 10.3%
2% education cess
1% higher education cess.
12% basis
Is This Answer Correct ? | 10 Yes | 30 No |
Answer / kalpana janardhan dudhate
10% Service Tax
30% Education Cess
0% Surcharge
With Afected from 25th June 09
Is This Answer Correct ? | 9 Yes | 34 No |
Answer / chandru hiremath
serrvice tax is now 105 w.e f 25/2/2009
Is This Answer Correct ? | 27 Yes | 73 No |
Answer / kalpana dudhate
ST = Service tax 12%
Education Cess 3%
Surcharge 1%
Total Service tax is 12.36%
Is This Answer Correct ? | 64 Yes | 138 No |
Answer / himanshu malhotra
service tax is a tax leviable on services
curent tax rete is 12%
himanshu malhotra
Is This Answer Correct ? | 46 Yes | 133 No |
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Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.