Effective date

[prabhat taparia]

Dear Sir,

I am registered in service tax. I am paying @ 10% service tax. Now the same has been increased from 10% to 12%.

Kindly inform me the effective date of service tax @ 12%.

Thanks

Prabhat taparia

AI Summary

Service tax rate increase: higher rate applies from the start of the next fiscal year, not immediately upon notification.
A registered service-tax payer queried the effective date for the increase from 10% to 12%; after an initial informal reply indicating immediate effect, a clarification stated the increased rate is to be applied from 01.04.2012, making the effective date the operative compliance trigger for registered taxpayers.