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Service Tax - Rates

At present, the rate of Service Tax is 10%, payable on the "gross value of taxable service". In addition to this, Education Cess is payable at the rate of 3% on the Service Tax amount. (2% P.EC & 1% H.EC). The rate of tax may change during Annual Budget by a Finance Act.

History of rates:
Sl. No. Period Rate of Tax Rate of Education Cess

1.   

1994 to 13.05.2003

5%

Nil

2.

14.05.2003 to 09.09.2004

8%

Nil

3.

10.09.2004 to 17.04.2006

10%

2% of the S.T.

4.

18.04.2006 to 10.05.2007

12%

2% of the S.T.

5.

11.05.2007 to 24.02.2009

12%

2% of S.T. + 1% of the S.T.
(Secondary & Higher Education Cess)

6.

25.02.2009 to till date

10%

2% of S.T. + 1% of the S.T.
(Secondary & Higher Education Cess)

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