30 October 2016
please tell me the service tax rate applicable for November 2016 exam. Also please send me any pdf notes related to indirect tax amendments for Nov 2016 exam
01 November 2016
During last year’s budget (2015), the Finance Minister had increased the Service Tax Rate from 12.36% to 14%. Moreover from 15th Nov 2015, Swachh Bharat Cess at 0.5% also came into effect. Therefore, after introduction of KKC, the effective rate of Service Tax will become 15% post 1st June 2016.
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