SERVICE TAX FOR PREMIUM PRODUCTS RAISED

Thursday 12 April 20120 comments

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%

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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

via sa paravur

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