Basic Concepts of Service Tax
Amendments by Finance Act, 2015:
1. (i) Service tax rate enhanced from 12% to 14% and
(ii) Levy of education cesses on taxable services ceased to have effect [Section 66B]
Thus, the new service tax rate has come into effect from 01.06.2015.
2. 2% Swachh Bharat Cess to be levied on value of all or any of taxable services [Section 119 of the Finance Act, 2015] [But actually levied 0.5% from 15th November, 2016]
3. Activities undertaken by
(i)
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1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
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