About Me

My photo
SYSTEM ADMINISTARATOR RAMPUR BUSHAHR DIVISION, HIMACHAL PRADESH, India

Tuesday, 17 April 2012

SERVICE TAX FOR PREMIUM PRODUCTS RAISED


Service tax for various premium products like Speed post, Express Parcel Post raised by 12%. There is no change in Education Cess(2%) and and Higher Secondary Education Cess(1%). Thus the effective rate from 1.4.2012 is 12.36%

Click here to Download the Order

Note:  Service tax has been revised from 10% to 12% w.e.f. 1-4-2012 for premium products.  But in the case of speedpost booked under 'Local'' and 'One India One Rate ' the existing rate will remain.  ie;

Local Speed Post @ INR 12‘One India One Rate’ Speed Post @ INR 25 

No comments: