Service Tax Liability

[MUNIRAJ SRINIVASAN]

Oct 2011 Rent received now , we have to calculate Service tax Liability 10.3% or 12.36%

AI Summary

Service Tax Rate on October 2011 Rent Confirmed at 10.30%, Plus 18% Annual Interest A query was raised regarding the applicable service tax rate on rent received in October 2011, questioning whether it should be 10.3% or 12.36%. Two responses were provided. The first response indicated that the service tax should be calculated at 10.30% with an additional interest of 18% per annum. The second response confirmed that the service tax rate applicable is 10.30%.