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of <h1>Mumbai Customs EDI to Implement 12.24% Service Tax on Data Processing from May 1, per Finance Act 1994.</h1> The Customs EDI Service Centre in Mumbai has announced that, effective May 1, 2006, a service tax of 12% and an education cess of 2% on the service tax (totaling 12.24%) will be applied to services related to computerized data processing and software maintenance. This tax is in accordance with the amended Finance Act of 1994 and Notification No. 15/2006 ST. The service provider, M/s CMC, will collect this tax from users and update existing coupons with the tax information. Revised charges for processing documents through the EDI system will be implemented from the same date.
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