Service Tax revised date Effective date, Service Tax

[JOHN SHANNEL]

The Service Tax has been revised from 10% to 12% please confirm from which date it is effective.

also can anyone share the notification.

 

Regards

John Shannel

Posts / Replies

[Pradeep Khatri]

Notification No. 3/2012-ST dtd.17-03-2012 w.e.f. 01-04-2012

[raj kumar shukla]

It is not notification No. 3/2012 but 2/2012 by which earlier Notification No 8/2009 reducing service tax rate from 12% to 10% has been rescinded. Since notification is effective from 01/04/2012, revised rates apply from 01/04/2012

[Pradeep Khatri]

Sorry for wrong notification.  It was a typo mistake.  Thanks for correcting mine vi 

[Pradeep Khatri]

Sorry for wrong notification.  It was a typo error.  Thanks for correcting mine point of view.

[Shanmugam Karthigeyan]

Dear Sir,

The Rate of Service Tax is restored to the statutory rate of 12%. same as goods vide Notification No. 2/2012,dt 17/03/2012 and Notification No 8/2009 dt. February 24,2009 has beeb rescinded effeective April 1, 2012.

[bhagyashree sathe]

Yes. It is effective from 01-04-2012.

[raj kumar shukla]

Had this been by amendments in the relevant section, this would have been applicable with effect from date of enactment of finance bill and not from 01/4/2012.That is why we are calling it restoration of previous ratesby way of withdrawl of exemptionnotification.

[Mehul Chauhan]

Effective date fo service tax @ 12 % rate of tax is applicable from 1st April, 2012