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Effective Rates of Service tax after Swachh Bharat Cess

Service Tax - By: - CA Akash Phophalia - Dated:- 14-11-2015 Last Replied Date:- 12-12-2015 - Rates of service tax and compound rates since 1994 Sr. No. Period Rate of Service Tax Rate of Education Cess Rate of Secondary and Higher Secondary Education Cess Swachh Bharat Cess 1 1-7-1994 to 13-5-2003 5% Nil Nil Nil 2 14-5-2003 to 9-9-2004 8% Nil Nil Nil 3 10-9-2004 to 17-4-2006 10% 2% of S.T. Nil Nil 4 18-4-2006 to 31-5-2007 12% 2% of S.T. Nil Nil 5 1-6-2007 to 23-2-2009 12% 2% of S.T. 1% of S.T. N .....

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e of international booking. 0.7% on the basic fare in case of domestic booking. 1.4% on the basic fare in case of international booking. Same as coloumn 3 + Swachh Bharat Cess Swachh Bharat cess = (service tax liability)*0.5/14 Rule 6(7) of Service Tax Rules,1994. Insurer carrying on life insurance business On the gross premium charged from the policyholder reduced by the amount allocated for investment ans savings on behalf of policyholder. In all other cases, 3% of the premium charged in the f .....

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.12% of gross amount of currency exchanged for an amount up to ₹ 1 lac subject to minimum amount of ₹ 30. ₹ 120 and 0.06% of the gross amount of currency exchanged for an amount exceeding ₹ 1 lac and up to ₹ 10 lacs. ₹ 660 and 0.012% of gross amount of currency exchanged for an amount exceeding ₹ 10 lacs but subject to maximum amount of ₹ 6000. 0.14% of gross amount of currency exchanged for an amount up to ₹ 1 lac subject to minimum amount o .....

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; 7000 on every ₹ 10 lacs (or part of 10 lacs) of aggregate face value of lottery provided, where guaranteed price pay out is more than 80% ₹ 11000 on every ₹ 10 lacs (or part of ₹ 10 lacs) of lottery provided, where guaranteed price payout is less than 80% ₹ 8200 on every ₹ 10 lacs (or part of 10 lacs) of aggregate face value of lottery provided, where guaranteed price pay out is more than 80% ₹ 12800 on every ₹ 10 lacs (or part of ₹ 10 lacs .....

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