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12 April 2012

SERVICE TAX FOR PREMIUM PRODUCTS RAISED


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 


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AB KANTHARAJA
Hassan, Karnataka, I am BA graduate. Presently working in Department of Post (DOP) as Inspector Post at Somwarpet Sub Dn, Karnataka email-abkantharaja@gmail.com
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