Service Tax revised date Effective date

[JOHN SHANNEL]

The Service Tax has been revised from 10% to 12% please confirm from which date it is effective.

also can anyone share the notification.

 

Regards

John Shannel

[YAGAY andSUN]

Notification No. 3/2012-ST dtd.17-03-2012 w.e.f. 01-04-2012

[rajkumar shukla]

It is not notification No. 3/2012 but 2/2012 by which earlier Notification No 8/2009 reducing service tax rate from 12% to 10% has been rescinded. Since notification is effective from 01/04/2012, revised rates apply from 01/04/2012

[YAGAY andSUN]

Sorry for wrong notification.  It was a typo mistake.  Thanks for correcting mine vi 

[YAGAY andSUN]

Sorry for wrong notification.  It was a typo error.  Thanks for correcting mine point of view.

[Guest]

Dear Sir,

The Rate of Service Tax is restored to the statutory rate of 12%. same as goods vide Notification No. 2/2012,dt 17/03/2012 and Notification No 8/2009 dt. February 24,2009 has beeb rescinded effeective April 1, 2012.

[bhagyashree sathe]

Yes. It is effective from 01-04-2012.

[rajkumar shukla]

Had this been by amendments in the relevant section, this would have been applicable with effect from date of enactment of finance bill and not from 01/4/2012.That is why we are calling it restoration of previous ratesby way of withdrawl of exemptionnotification.

[Mehul Chauhan]

Effective date fo service tax @ 12 % rate of tax is applicable from 1st April, 2012

AI Summary

Service Tax Rate Increased from 10% to 12% Effective April 1, 2012, per Notification No. 2/2012. A discussion on a forum addressed the revision of the Service Tax rate from 10% to 12%. The original query sought confirmation of the effective date and the relevant notification. Respondents clarified that the change was due to Notification No. 2/2012, dated March 17, 2012, which rescinded Notification No. 8/2009. The revised tax rate became effective from April 1, 2012. Participants corrected an initial typo regarding the notification number and emphasized that the restoration of the previous rate was due to the withdrawal of an exemption notification.