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Change Service Tax to 14%

By Pelagian Softwares - Monday, June 1, 2015 No Comments
Normal Service tax rate with effect from 1st June 2015 is 14%. However applicable rate is different for many services which may be subject to fulfillment of some conditions. This is mainly due to material value or non-service element included in total value of these services.

Supply of food and drinks in restaurant or outdoor catering, 

Taxable Service detail of Taxable Portion of Total Value Effective Rate
(i) Service provided by Restaurants40%5.6%
(ii)Services provided by outdoor caterer60%8.4%

Please change service tax from Tools Menu > Option > Tax & Charges

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