Aplying of new service tax rate.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 April 2015
Dear Experts.
can you please tell me from which date the new rate of service tax will apply as per new budget.
please update
can you please tell me from which date the new rate of service tax will apply as per new budget.
please update
01 April 2015
the new rate of service tax is not yet made effective as there is no notification issued by dept so old rate of 12.36% continues to be applicable.
CA AnKiT BoHrA (AB)
(Expert)
01 April 2015
til it get notified....!! for right now old rate wil b applicable as usual
01 April 2015
Please refer D.O.F. No. 334/5/2015-TRU Dated 28.02.2015 from link given below:
https://www.cbec.gov.in/ub1516/do-ltr-jstru2.pdf
In Point No. 3.3 it is clearly mentioned that "The new Service Tax rate shall come into effect from a date to be notified by the Central Government after the enactment of the Finance Bill, 2015."
So till the new rates are notified Service Tax rate will be 12.36%. So as of now new rates are not applicable from 01.04.2015.
https://www.cbec.gov.in/ub1516/do-ltr-jstru2.pdf
In Point No. 3.3 it is clearly mentioned that "The new Service Tax rate shall come into effect from a date to be notified by the Central Government after the enactment of the Finance Bill, 2015."
So till the new rates are notified Service Tax rate will be 12.36%. So as of now new rates are not applicable from 01.04.2015.
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