2007-02-16 23:45:43 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
In India service tax general rate is 12.24% which can be further revised in coming Budget on 28th February which will be effective May.
However, in certain services there is exemption from value of taxable services.Furhter, there is exemption of Rs.4 Lakh for small service providers.Refer to www.allindiantaxes.com for details
2007-02-17 05:32:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The rate of Service tax was still 17.4.06 was 10% & 2% Education Cess on S.Tax.
From 18.4.06 it is 12% & 2% Edu.Cess
2007-02-17 08:27:48 · answer #2 · answered by jitu.jeetu 2 · 0⤊ 0⤋
Service tax that is currently applicable for service providers in India is at 12.24% of the Invoice
2007-02-17 08:05:09 · answer #3 · answered by Raghav 4 · 0⤊ 0⤋