Easy Office
LCI Learning

Effective date of applicability of 14% service tax rate

This query is : Resolved 

01 April 2015 hi kindly help me out regarding the date of charging 14% of service tax.

01 April 2015 there is no announcement of effective date of applicability of new rate so present rate of 12.36% continues to apply.

01 April 2015 Please refer D.O.F. No. 334/5/2015-TRU Dated 28.02.2015 from link given below:
http://www.cbec.gov.in/ub1516/do-ltr-jstru2.pdf
In Point No. 3.3 it is clearly mentioned that "The new Service Tax rate shall come into effect from a date to be notified by the Central Government after the enactment of the Finance Bill, 2015." So till the new rates are notified Service Tax rate will be 12.36%.
So as of now new rates are not applicable from 01.04.2015.




19 May 2015 Revised Service Tax Rate will be applicable from 01.06.2015.

Refer Notification No 14/2015 Dated 19.05.2015 from link given below:

https://www.caclubindia.com/forum/files/555789_20150519211107_notification.pdf

https://www.caclubindia.com/forum/files/555789_20150519213343_tru_letter.pdf



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries