what is the service tax applicable on advertisements in newspapers?

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what is the service tax applicable on advertisements in newspapers?

2006-08-17 00:51:46 · 2 answers · asked by Ankur k 1 in Business & Finance ➔ Taxes ➔ India

2 answers

There is a uniform service tax of 12.5% on all kind of transactions.

2006-08-17 01:13:33 · answer #1 · answered by Indian_Male 4 · 0⤊ 0⤋

For all Taxable Services there is only single Rate i.e. 12% Plus Education Cess @2% on it.Hence, 12.24% is service tax that is payable subject to any rebate or abatement for a particular service(transportation,contractorship,Tour & Travels etc. services in which rebate is granted).

2006-08-19 15:17:45 · answer #2 · answered by bharehardeep 2 · 0⤊ 0⤋