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service tax percentage
Q: hi , I have been informed by the builder the as per the new notification of the service tax department , under group housing society , they have entitled to only 70% rebate , on 30% value they are required to pay service tax , means the new taxes in 4.5% (15%*30%) irrespective of the value of the flat , however as per the Govt notification , it should be 25% , and value of the tax would be 3.75% hence please guide me what is correct

Latest Answer: Yes, the new service tax chart would be :- Service tax Basic rate-14%, Swachh Bharat Cess-0.5%w.e.f from 15.11.2015, Krishi Kalyan Cess-0.5% w.e.f. from 01.06.2016 Total service tax rate-15%

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