https://www.taxtmi.com/article/detailed?id=6069 An optional compound payment mechanism under the Service Tax Rules permits certain service providers to discharge tax at prescribed compound rates instead of on taxable value, applying to categories such as air travel agents, life insurers, foreign exchange dealers, and lottery distributors; education cesses apply additionally and the option to use compound rates is available under the prescribed rate framework, with rate changes implemented prospectively. en-us Mon, 16 Feb 2015 09:51:27 +0530 Mon, 16 Feb 2015 09:51:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6069 An optional compound payment mechanism under the Service Tax Rules permits certain service providers to discharge tax at prescribed compound rates instead of on taxable value, applying to categories such as air travel agents, life insurers, foreign exchange dealers, and lottery distributors; education cesses apply additionally and the option to use compound rates is available under the prescribed rate framework, with rate changes implemented prospectively. Articles Service Tax Mon, 16 Feb 2015 09:51:27 +0530 https://www.taxtmi.com/article/detailed?id=6069