Change in BTP bus pass rate from 1-Apr-2012
From: Rudresh [mailto:rudresh@bagmanegroup.com]
Sent: Thursday, April 05, 2012 2:57 PM
To: Rudresh
Cc: harish@bagmanegroup.com; sundar@bagmanegroup.com
Subject: Service Tax
Sent: Thursday, April 05, 2012 2:57 PM
To: Rudresh
Cc: harish@bagmanegroup.com; sundar@bagmanegroup.com
Subject: Service Tax
Hi All,
Since there is an increase in service tax by the government from 10.3% to 12.36%, hence the difference has to borne by the individual company. This will be effective from 1st April 2012 onwards.
The bus pass details are as follows:
Existing rates for Long Route and Short Route:
Long route bus pass rate
|
Service Tax 10.3% on 40% of pass
|
Total
|
1620.00
|
66.74
|
1685.00 (rounded of)
|
Short route bus pass rate
|
Service Tax 10.3% on 40% of pass
|
Total
|
1105.00
|
45.52
|
1150.00 (rounded of)
|
Difference in service tax for long and short routes:
Long route bus pass rate
|
Service Tax 12.36% on 40% of pass
|
Total
|
1620.00
|
80.09
|
1700.00 (rounded of)
|
Short route bus pass rate
|
Service Tax 12.36% on 40% of pass
|
Total
|
1105.00
|
54.63
|
1160.00 (rounded of)
|
Thanks & regards,
Rudresh D S | Transport executive
Bagmane Realtors Pvt.Ltd.
Lake View | ‘A’ Block | 8th Floor | Bagmane Tech Park
C.V.Raman Nagar | Bangalore – 560 093
(M) +91- 9844847701 | (B) +91-80-4032 9999 | Extn - 720 | (Fax) +91-80-4032 9900
