CA IPCC/FINAL — INDIRECT TAXES : Tax Rates for Nov. 2015 Exams

Owing to prevailing doubts amongst certain sections of students, we take this opportunity to clarify the tax rates applicable for Nov. 2015 Exams in Indirect Taxes :

  1. Rate of Excise Duty : 12.5% and no EC/SHEC. If period mentioned in question is upto 28-2-2015, then, use 12.36% (12% duty plus 3% cesses)
  2. Rate of service tax : 12.36% (12% tax plus 3% cesses)
  3. Manner of computation of customs duty : BCD + CVD equal to excise duty + EC/SHEC on total of ‘BCD&CVD’ + Special CVD

BEST OF LUCK !!

ca ipp-final - idt - nov15 - vineetsodhani.com

http://vineetsodhani.com, 9928044909

Leave a Reply