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Sr
No.
Abatement
%
Taxable
%
Effective
Rate %
100
14.00
90
70
70
10
30
30
1.400
4.200
4.200
A
B
1
2
3
30
70
9.800
60
40
5.600
40
60
8.400
40
60
8.400
70
30
4.200
8
9
0
60
100
40
14.000
5.600
10
11
70
75
30
25
4.200
3.500
90
10
1.400
60
40
5.600
75
25
3.500
70
30
4.200
12
2 Restaurant Services
3 Outdoor Catering Services
100
40
70
70
14.000
5.600
9.800
9.800
40
60
5.600
8.400
D Increase in rates of service tax (in case of Composition scheme) for service provided by Air Travel agent,
Insurance service, Forex (money changing service) and service provided by lottery distributor and selling
agent.
Air Travel Agent:
In the case of
Domestic bookings of passage for
travel by air
International bookings of passage for
travel by air
Insurance Service:
Period
First year
Subsequent Year
Current Rate
0.6% of the basic fare
New Rate
0.7% of the basic fare
Current Rate
3% of the gross amount of
premium charged
1.5% of the gross amount of
premium charged
New Rate
3.5% of the gross amount of
premium charged
1.75% of the gross amount of
premium charged
Money Changing:
For an amount
Upto Rs.100,000
Current Rate
0.12% of the gross amount of currency
exchanged or Rs.30 whichever is
higher
New Rate
0.14% of the gross amount of
currency exchanged or Rs.35
whichever is higher
Exceeding Rs.10,00,000
New Rate
Rs.8,200/- on every Rs.10 Lakh (or
part of Rs.10 Lakh) of aggregate face
value of lottery tickets printed by the
organising state for a draw.
Rs.12800/- on every Rs.10 Lakh (or
part of Rs.10 Lakh) of aggregate face
value of lottery tickets printed by the
organising state for a draw.
Note :
1. Abatement as shown in "B" above are subject to conditions ,which can be checked
from abatement Rate chart Here
2. Valuation of Works Contract is subject to few conditions which can be checked Here
3. Check Updated Version last updated 31.05.15(if any)