19 April 2006

Finance Bill, 2006 has received the assent from the President of India

Dear friend,

This is to inform you that Finance Bill, 2006 has received the assent from the President of India today i.e. 19th April, 2006. Accordingly the rate of Service Tax shall be 12% plus 2% education cess.

1 comment:

  1. Anonymous3:55 PM

    Dear Mr. Ashwin & other CouncilMembers,Wow, Finance Bill is passed and we at Institute level could not convince the Finance Minister not to withdraw exemption of non-specified service, are we not strong enough to represent our case strongly, why there is no loud protest by the Institute , why ther is inequality in law, why only CAs have been asked to charge S.Tax on I.T. & VAt practice Bills ? when similar services are rendered by STPs, Lawyers and other are tax free , naturally clients would run away from CAs to such non-qualified people, should we simply be happy with having status/title as CA... with no voice over finnance ministry interaction ?

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