|
Applicable Effective
Rate
|
Abatement(%)
|
Taxable
(%)
|
|
1.4%
|
|
|
|
a. Financial leasing including hire purchase.
b. Service by a tour operator providing
services solely of arranging or booking accommodation for any person in
relation to a tour.
|
90
90
|
10
10
|
|
4.2%
|
|
|
|
a. Transport of goods and passengers by rail.
b. Services of goods transport agency in
relation to transportation of
goods.
c. Transport of goods in a vessel.
d. Construction of a complex, building, civil
structure or a part thereof, intended for a sale to a buyer, wholly or partly
except where entire consideration is received after issuance of completion
certificate by the competent authority
i) for other than residential unit having
carpet area upto 2000 square feet or where the amount charged is less than Rs
1 cr.
|
70
70
70
70
|
30
30
30
30
|
|
9.8%
|
|
|
|
a. Bundled service by way of supply of food
or any other articles of consumption or any drink, in a premises (including
hotel, convention center , club , pandal , shamiana or any other place,
specially arranged for organizing a function) together with renting of such
premises
b. Service portion on execution of works
Contract:
- Repairs and Maintenance of any goods
- Maintenance, Repairing ,Completion
Finishing of immovable property
|
30
-
-
|
70
70
70
|
|
5.6%
|
|
|
|
a. Transport of passengers by air, with or
without accompanied belongings (Only for Economy class).
b. Renting of any motor vehicle designed to
carry passengers including Radio taxi.
c. Service portion on execution of works
Contract: Original Work
d. Restaurant Services.
|
60
60
-
-
|
40
40
40
40
|
|
8.4%
|
|
|
|
a. Transport of passengers by air, with or
without accompanied belongings (for business class/First class)
b. Renting of hotels , inns, guest houses ,
clubs, campsites or other commercial places meant for residential or lodging
purposes
c. Outdoor Catering Services
|
40
40
-
|
60
60
60
|
|
3.5%
|
|
|
|
a. Service by a tour operator in relation to
a package tour
b. Construction of a complex, building,
civil structure or a part thereof, intended for a sale to a buyer, wholly or
partly except where entire consideration is received after issuance of
completion certificate by the competent authority
i) for residential unit having carpet area
up to 2000 square feet or where the amount charged is less than Rs 1 crore.
|
75
75
|
25
25
|
Increase in rates of Service Tax (in case of Composition Scheme)
1. Air Travel Agent
|
In
the case of
|
Current
Rate
|
New
Rate
|
|
Domestic bookings of passage for
travel by air
|
0.6% of the basic fare
|
0.7% of the basic fare
|
|
International bookings of passage for
travel by air
|
1.2% of the basic fare
|
1.4% of the basic fare
|
2. Insurance Services
|
Period
|
Current
Rate
|
New
Rate
|
|
First Year
|
3% of the gross amount of premium
charged
|
3.5% of the gross amount of premium
charged
|
|
Subsequent Year
|
1.5% of the gross amount of premium
charged
|
1.75% of the gross amount of premium
charged
|
3. Money Changing
|
For
an amount
|
Current
Rate
|
New
Rate
|
|
Upto Rs. 1 lac
|
0.12% of the gross amount of currency
exchanged or Rs.30 whichever is higher
|
0.14% of the gross amount of currency
exchanged or Rs. 35 whichever is higher
|
|
Exceeding Rs.1 lac and upto Rs. 10
lacs
|
Rs. 120 + 0.06% of the (gross amount
of currency exchanged - Rs. 1 lac)
|
Rs.140 + 0.07% of the (gross amount of
currency exchanged- Rs. 1,00,000
|
|
Exceeding Rs. 10 lac
|
Rs. 660 + 0.12% of the (gross amount
of currency exchanged- Rs. 10 lac) or Rs. 6,000/- whichever is lower
|
Rs. 770 + 0.014% of the (gross amount
of currency exchanged - Rs. 10 lac) or Rs. 7,000/- whichever is lower.
|
4. Lottery Distributor and Selling Agent
|
Particulars
|
Current
Rate
|
New
Rate
|
|
Where the guaranteed lottery prize
payout is > 80%
|
Rs. 7000/- on every Rs. 10 lac (or
part of Rs. 10 lac) of aggregate face value of lottery tickets printed by the
organising state for a draw
|
Rs. 8200/- on every Rs. 10 lac (or
part of Rs. 10 lac) of aggregate face value of lottery tickets printed by the
organising state for a draw.
|
|
Where the guaranteed lottery prize
payout is < 80%
|
Rs. 11000/- on every Rs. 10 lac (or
part of Rs. 10 lac) of aggregate face value of lottery tickets printed by the
organising state for a draw
|
Rs.12800/- on every Rs. 10 lac (or
part of Rs.10 lac) of aggregate face value of lottery tickets printed by the organising state for a draw
|
Service Tax rate for services not mentioned above: 14%
