02 March 2015
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.
03 March 2015
yes sanjay bhai even if u see the budget speech jaitely said " i proposed to increase the current service tax rate from 12.36% to 14% including cess as applicable.Further i proposed to impose 2% additional swachh bharat cess on specified services.
so in my view it will be indirectly 16% for specified services.
u can refer this article by noted service tax expert pradeep jain : https://www.caclubindia.com/articles/service-providers-be-ready-to-fulfill-the-dream-of-modi-s-swachh-bharat--23203.asp
03 March 2015
Sanjay bhai i have seen many post on fb professional community and all such debates from last 2 days and most have concluded the same but ur more knowledgeable person so how can i argue with you?
03 March 2015
Argument is always welcome. It enables us to get the clarity in the matter. And I have very limited knowledge but I have the hunger to keep on learning.
I think I have raised a valid point which is based on my understanding of the matter rather than any discussion on forum. I would love to see the link of such debate so that I can get to know the point of view of other experts. Requested to provide the link of such debate.