26 May 2015
New Rate of 14% will be effective from 01.06.2015, and there will be no EC or SHEC from that date. With respect to Swach Bharat Cess (SBC) same is not yet applicable, however same will be notified soon. So Rate of serivce tax from 01.04.2015 to 31.05.2015 12.36%, from 01.06.2015 to ..... 14.00%,
26 May 2015
An enabling provision is being made to empower the Central Government to impose a Swachh Bharat Cess (“SB Cess”) on all or any taxable services at a rate of 2% on the value of all or any taxable services. The proceeds from this Cess would be utilized for Swachh Bharat initiatives. The Government will specify the categories of taxable services on which SB Cess would be leviable.
As per TRU Clarification vide D.O.F.No.334/5/2015-TRU dated May 19, 2015, the effective dates in respect of the SB Cess shall be notified at later date.
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