RATE CHANGE IN SERVICE TAX

[ranjit kunar]

Is there any rate change has been made in service tax. Or still it is 12.36%

AI Summary

Service Tax Rate Stays at 12.36%; Changes Need Presidential Approval; Potential Swachh Bharat Cess Introduction Discussed A discussion on a forum addressed whether there had been any changes in the service tax rate, which was confirmed to remain at 12.36%. It was noted that any rate change requires presidential approval. Additionally, there was an inquiry about the penalty for contravening certain sections, but no specific penalty details were provided. Another participant mentioned that after presidential approval, the rate might change, and the Swachh Bharat Cess (SBC) could be implemented for some services.