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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

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 Respondents clarified that the change was due to Notification No. 2/2012, dated March 17, 2012, which rescinded Notification No. 8/2009.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. (AI Summary)
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