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The table briefs about effective rate of service tax post enactment of Budget 2015.

Effect is given in the table to abtement as per provisions of the Act.

 

 

 

 

Effective Rates (after abatement) post enactment Budget-2015

Basic Rate--------------------> 12.36% 14.00%    
Particulars Taxable % till 31-May-15 w.e.f. 01-Jun-15 Condition for Cenvat- if opted abatement 
  Cenvat Disallowed Cenvat Allowed
Transportation          
Goods Transport Agency
(Till 31-03-15 taxable % was 25% and effective rate was 3.09%)
30% 3.708% 4.200% Totally Disallowed  
Rail transport: Goods/ Passengers -do-  
Vessel
(Till 31-03-15 taxable % was 40% and effective rate was 4.944%)
-do-  
Air-Passenger Transport
(Till 31-03-15 taxable % was 40% and effective rate was 4.944%
60% 7.416% 8.400% Inputs/ capital goods Input Services
Renting - hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes. 60% 7.416% 8.400% -do- -do-
Rent-a-Cab 40% 4.944% 5.600% -do- Input Services s.t. certain conditions
Tour Operator-Bill incl. of Tour Charges       -do- -do-
(i)Package tour 25% 3.090% 3.500%
(ii) Solely Arranging accommodation in relation to a tour 10% 1.236% 1.400%
(iii) Services, other than services (i) and (ii) above, by a tour operator 40% 4.944% 5.600%
Air Travel Agent  
Domestic Booking   0.600% 0.700%
International Booking 1.200% 1.400%
Construction of a Complex
{Value of land is included in the amount charged}
Inputs Input Service/Capital Goods
Residential Unit : Carpet area <= 2000 sq ft. and amt charged < 100 lacs 25% 3.090% 3.500%
Others (incl Commercial) [w.e.f. 01-03-13] 30% 3.708% 4.200%
Works Contract      
Original Works 40% 4.944% 5.600%
Other Works incl. M&R 70% 8.652% 9.800%
Bundled Service  of Supply of food/ drink alongwith Renting (Mandap keeper)specially arranged for organizing a function
{Value = Amount charged + FOC Material - VAT}
70% 8.652% 9.800% Cenvat on goods under Chapter 1-22 of CETA  
Outdoor Catering 60% 7.416% 8.400%
Restaurant 40% 4.944% 5.600%
Leasing Interest 10% 1.236% 1.400%  
Life Insurance Service
First Year   3.000% 3.500%
Subsequent year   1.500% 1.750%
Money changing Service
Gross Amount of Currency Exchange upto Rs.1,00,000   0.12% or 30/- w.e.h. 0.14% or 35/- w.e.h.
Amt. from 1 lac to 10 lac 120+0.06% of amt > 1 lac 140+0.07% of amt > 1 lac
Amt > 10 lac (660+0.012% of amt > 10 lac) upto max. 6000 (770+0.014% of amt > 10 lac) upto max. 7000
Notes:
Applicable Date: 01-07-2012
Related Notification: 26/2012 ( Abatement)  and 19/2012 (enforcing)