New rate of service tax

This query is : Resolved

Rekha Sai Teja (Querist)
Follow

03 March 2015 Service tax rate has been increased to 14%.
And the swacch Bharat Cess which is 2%.
The question is how to add cess on service tax or on Service value??
Which of following is correct?
A) 14%+2% = 16% or
B) 14%+2%(14%) = 14.28%

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

03 March 2015 https://www.caclubindia.com/articles/service-providers-be-ready-to-fulfill-the-dream-of-modi-s-swachh-bharat--23203.asp#.VPWzNnyUdic

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

03 March 2015 http://www.dnaindia.com/money/report-rest-easy-service-tax-rate-won-t-exceed-1428-2065634

Please check out above link. Service Tax rate won't exceed 14.28%.

Rekha Sai Teja

Rekha Sai Teja (Querist)
Follow

03 March 2015 Thank you to sampath sir and sanjay sir..

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

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

Message likes : 2 times