Revision in BTP bus pass rate due to Service Tax

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

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 1^st 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 | 8^th Floor | Bagmane Tech Park

C.V.Raman Nagar | Bangalore – 560 093

rudresh@bagmanegroup.com or helpdesk@bagmanegroup.com | www.bagmanegroup.co.in

(M)  +91- 9844847701 | (B) +91-80-4032 9999 | Extn - 720 | (Fax) +91-80-4032 9900