Service Tax Rates and Interest on Delay Deposition
Rate of Service Tax
|
Sr. No. |
Period | Rate of Service Tax | Rate of Edu. Cess |
Rate of SHE Cess |
|
1 |
From 01-06-2015 |
14% | Nil |
Nil |
|
2 |
From 01-04-2012 |
12% | 2% of S.T. | 1% of S.T. |
| 3 |
From 24.02.2009 |
10% | 2% of S.T. |
1% of S.T. |
|
4 |
01.06.2007 to 23.02.2009 |
12% | 2% of S.T. |
1% of S.T. |
|
5 |
18.04.2006 to 31.05.2007 |
12% | 2% of the S.T. |
Nil |
|
6 |
10.09.2004 to 17.04.2006 |
10% | 2% of the S.T. |
Nil |
|
7 |
14.05.2003 to 09.09.2004 |
8% | Nil |
Nil |
|
8 |
From 01.06.1994 to 13.05.2003 |
5% | Nil |
Nil |
Swachh Bharat Cess 0.50% w.e.f. 15.11.2015 & Krishi Kalyan Cess 0.50% w.e.f. 01-06-2016.
Rate of Interest on Delay Deposition of Service Tax
|
Sr. No. |
Period | Rate of Interest |
|
1 |
From 01-10-2014 a) for the first 6 month b) for the next 6 month c) for delay beyond 12 month |
@ 18% p.a. |
|
2 |
From 01.04.2011 |
18% per annum |
|
3 |
From 10.09.2004 to 31.03.2011 |
13% per annum |
|
4 |
11.05.2002 to 10.09.2004 |
15% per annum |
|
5 |
11.05.2001 to 11.05.2002 |
24% per annum |
|
6 |
From 01.06.1994 to 11.05.2001 |
1.5% per month |
Note: In the case of a service provider, whose value of taxable services provided in a financial year does not exceed 60 lakh rupees during any of the financial years covered by the notice or during the last preceding financial year, as the case may be, such rate of interest, shall be reduced by 3% p.a.
