Normal
Service tax rate with effect from 1st June 2015 is 14%. However applicable
rate is different for many services which may be subject to fulfillment of some
conditions. This is mainly due to material value or non-service element
included in total value of these services.
This Chart
will provide the effective rates on such services.
|
Sr No.
|
Taxable service
|
Taxable Value
|
Old Effective Rate up to
31.05.2015
|
New Rate w.e.f. 01/06/2015
|
Condition
|
|
1
|
Financial leasing including hire
purchase
|
10%
|
1.236%
|
1.4%
|
NIL
|
|
2
|
Transport of goods by rail
|
30%
|
3.708%
|
4.2%
|
NIL
|
|
3
|
Transport of passengers with or
without accompanied belonging by rail
|
30%
|
3.708%
|
4.2%
|
NIL
|
|
4
|
Supply of food or any other
article of human consumption or any drink, in a premises (including hotel,
convention center, club, pandal, shamiana or any place specially arranged for
organizing a function) together with renting of such premises
|
70%
|
8.652%
|
9.8%
|
Note(i)
|
|
5
|
Transport of passengers by air,
with or without accompanied belongings
|
40%
|
4.944%
|
5.6%
|
Note(ii)
|
|
6
|
Renting of hotels , inns, guest
houses, clubs, campsites, or other commercial places meant for residential or
lodging purposes
|
60%
|
7.416%
|
8.4%
|
Note(ii)
|
|
7
|
Services of goods transport agency
|
30%
|
3.708%
|
4.2%
|
Note(iii)
|
|
8
|
Renting of any motor vehicle
designed to carry passengers
|
40%
|
4.944%
|
5.6%
|
Note(iii)
|
|
9
|
Transport of goods in vessel
|
30%
|
3.708%
|
4.2%
|
Note(iii)
|
|
10
|
(i)
Tour service –package tour
|
25%
|
3.09%
|
3.5%
|
Note(iii)&(iv)
|
|
(ii)
Tour service –service solely of arranging or booking accommodation for any
person in relation to a tour
|
10%
|
1.236%
|
1.4%
|
Note(iii), (v)&(vi)
|
|
|
(iii)
Tour service – simple tour services
|
40%
|
4.944%
|
5.6%
|
Note(iii)&(iv)
|
|
|
11
|
Construction of a complex ,
building, civil structure or a part thereof, intended for a sale to a buyer,
wholly or partly
|
||||
|
(i)
for a residential unit having carpet area upto 2000 square feet and the
amount charged is less than rupees one crore
|
25%
|
3.09%
|
3.5%
|
Note (vii)&(viii)
|
|
|
(ii)
for other than (i) above
|
30%
|
3.708%
|
4.2%
|
Note (vii)&(viii)
|
Note:
(i)
cenvat credit on any goods classifiable under chapters 1 to
22 of Central Excise Tariff Act,1985 used for providing the taxable
service, has not been taken.
(ii)
cenvat credit on inputs and capital goods, used for providing the taxable
service , has not been taken .
(iii)
cenvat credit on inputs, capital goods and input services , used for providing
the taxable service, has not been taken .
(iv)
The bill issued for this purpose indicates that it is inclusive of charges for
such a tour.
(v) The
invoice bill or challan issued indicates that it is towards the charges for
such accommodation.
(vi) This exemption
shall not apply in such cases where the invoice, bill or challan issued by the
tour operator, in relation to a tour, only includes the service charges for
arranging or booking accommodation for any person and does not include the cost
of such accommodation.
(vii)
Cenvat credits on inputs used for providing the taxable service has not been
taken.
(viii) The
value of land is included in the amount charged from the service receiver.
|
Sr no
|
Taxable service
|
Taxable Portion of Total Value
|
Old Effective Rate up to
31.05.2015
|
New Rate w.e.f. 01/06/2015
|
|
12
|
Types of works contracts
|
|||
|
(i) Execution of original works
|
40%
|
4.944%
|
5.6%
|
|
|
(ii) In cases not covered above
including maintenance or repair or reconditioning or restoration or servicing
or any goods
|
70%
|
8.652%
|
9.8%
|
|
|
(iii)Other works including
maintenance, repair , completion and finishing services such as glazing ,
plastering, floor and wall tilling , installation of electrical fittings of
an immovable property
|
70%
|
8.652%
|
9.8%
|
Notes:
(i)
“total amount” means the sum total of the gross amount charged for the works
contract and the fair market value of all goods and services supplied in or in
relation to the execution of the works contract, whether or not supplied under
the same contract , after deducting (i)the amount charged for such goods or
services , if any and (ii)the value added tax or sales tax ,if any , levied
thereon.
(ii)
The fair market value of goods and services so supplied may be determined in
accordance with the generally accepted accounting principles.
(iii)
cenvat credit of duty of excise paid on any inputs , used in or in relation to
the said works contract is not allowable.
|
Sr No
|
Taxable service
|
Taxable Portion of Total Value
|
Old Effective Rate up to
31.05.2015
|
New Rate w.e.f. 01/06/2015
|
|
13
|
Supply of food and drinks in
restaurant or outdoor catering
|
|||
|
(i) Service provided by
Restaurants
|
40%
|
4.944%
|
5.6%
|
|
|
(ii) Services provided by
outdoor caterer
|
60%
|
7.416%
|
8.4%
|
Notes:
(i)
“Total amount” means the sum total of the gross amount charged and fair market
value of all goods and services supplied in or in relation to the supply of
food or any other article of human consumption or any other drink (whether or
not in intoxicating), whether or not supplied under the same contract or any
other contract, after deducting (i) the amount charged for such goods or
services, if any and (ii) the value added tax or sales tax, if any, levied
thereon.
(ii) The
fair market value of goods and services so supplied may be determined in
accordance with the generally accepted accounting principles.
(iii)
cenvat credit of duties or cess paid on any goods classifiable
under chapter 1 to 22 of the central excise tariff act, 1985 is not allowable.
|
Sr. No.
|
Taxable service
|
Old Effective Rate up to
31.05.2015
|
New Rate w.e.f.
01/06/2015
|
|
14
|
Booking of air tickets by air
travel agent
|
||
|
(i) Domestic booking
|
0.60% Of Basic Fare
|
0.70% Of Basic Fare
|
|
|
(ii) International Booking
|
1.20% of Basic Fare
|
1.40% of Basic Fare
|
|
|
15
|
Life insurance service
|
||
|
First year
|
3% of Premium Charged
|
3.5% of Premium Charged
|
|
|
Subsequent year
|
1.50% of Premium Charged
|
1.75% of Premium Charged
|
|
|
16
|
Money changing service
|
||
|
(i) Gross amount of currency
exchanged for an amount upto Rs. 100,000
|
0.12% of gross amount
of currency exchanged(min.Rs.30) –
|
0.14% or Minimum Rs. 35/-
|
|
|
(ii) Gross amount of currency
exchanged for an amount of rupees exceeding Rs. 100,000 and up to Rs.
10,00,000
|
Rs.120 + 0.06% of gross
amount exceeding 1 lakh
|
Rs. 140 + 0.07% of gross
amount exceeding 1 lakh
|
|
|
(iii) Gross amount of currency
exchanged for an amount of rupees exceeding Rs. 10,00,000
|
Rs.660 + 0.012% of gross
amount exceeding 10 lakhs (max. Rs.6000)
|
Rs. 770 + 0.014% of gross
amount exceeding 10 lakhs (max. Rs.7000
|
|
|
17
|
Service provided by Lottery
distributor and selling agent
|
||
|
a)
If the lottery or lottery scheme is one where the guaranteed prize payout is
more than 80%
|
Rs. 7,000 on every Rs. 10 Lakh or
part of Rs. 10 Lakh of aggregate face value of lottery tickets printed by the
organizing State for a draw.
|
Rs. 8,200 on every Rs. 10 Lakh or
part of Rs. 10 Lakh of aggregate face value of lottery tickets printed by the
organizing State for a draw.
|
|
|
b)
If the lottery or lottery scheme is one where the guaranteed prize payout is
less than 80%
|
Rs. 11,000 on every Rs. 10 Lakh or
part of Rs. 10 Lakh of aggregate face value of lottery tickets printed by the
organizing State for a draw
|
Rs. 12,800 on every Rs. 10 Lakh or
part of Rs. 10 Lakh of aggregate face value of lottery tickets printed by the
organizing State for a draw
|
- See more at:
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