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 and SUN]

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No. 3/2012 but 2/2012 by which earlier Notification No 8/2009 reducing service tax rate from 12% to 10% has been rescinded.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 and SUN]

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

[YAGAY and SUN]

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

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 February 24,2009 has beeb rescinded effeective April 1, 2012.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

Restoration of service tax rate reinstated effective from April following withdrawal of exemption notification issued
Restoration of the service tax rate to 12% was effected by Notification No. 2/2012 dated 17-03-2012, rescinding Notification No. 8/2009 that had reduced the rate to 10%, and thereby reinstating the statutory rate of 12%. The notification-based withdrawal of the exemption made the revised rate effective from 01-04-2012, so the restored rate applies from that effective date.