Is there any rate change has been made in service tax. Or still it is 12.36%
RATE CHANGE IN SERVICE TAX
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Service tax rate remains unchanged pending presidential approval, with potential cess implementation on certain services.
Respondents confirm the service tax rate remains unchanged at 12.36% and that any change requires presidential approval; contributors also note that SBC may be implemented on some services following such approval. A query on penalties for contravention of provisions referenced as 27a-27d was raised but not answered with substantive penalty details. (AI Summary)
Respondents confirm the service tax rate remains unchanged at 12.36% and that any change requires presidential approval; contributors also note that SBC may be implemented on some services following such approval. A query on penalties for contravention of provisions referenced as 27a-27d was raised but not answered with substantive penalty details. (AI Summary)
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