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Budget 2015

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Querist : Anonymous (Querist)
01 March 2015 new rate to be charged is 14% or 14%+2% cess

01 March 2015 Its 14%. The service tax rate is being increased from 12% plus Education Cesses to 14%. The ‘Education Cess’ and ‘Secondary and Higher Education Cess’ shall be subsumed in the new service tax rate. The revised rate shall come into effect from a date to be notified.



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