RATE CHANGE IN SERVICE TAX

[Guest]

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

[Purshottam Agarwal]

Hi Ranjit,

service tax rate change only after getting approval from president. so still rate is 12.36%.

[Guest]

what is the penalty amount for contravention of the provisions of section 27a,27b,27c'27d

[Amit Sharma]

No there is no any changes in rate of Service Tax still it is 12.36% . After approval of President it may be change and SBC will be implemented in some services.

AI Summary

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.