Service Tax Ready Reckoner

As per Finance Bill 2012

Law as Applicable from 1/04/2012.

Incorporating Notifications, Circulars etc issued upto 17th March 2012.

Service Tax rate 12.36% from 1/04/2012.

Changes to point of Taxation Rules.

Changes in Cenvat Credit Rules.

Works contract composition scheme - Rate 5% from 1/04/2012.

Availment of Cenvat Credit by service provider providing Taxable and Exempted Service.