Presently Rate of service tax is 12% and education cess @ 2% on service tax is also payable.
However, this rate of tax is up to 28 February 2007 only.
It is expected that rate of tax will be increased to 14% in the next budget.
If you have any query or comment, pl do not hesitate to mail at consult_hardin@yahoo.com. I will be obliged to hear you. Your feedback is always welcome.
THANK YOU
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