Budget 2015
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 March 2015
new rate to be charged is 14% or 14%+2% cess
01 March 2015
Its 14%. The service tax rate is being increased from 12% plus Education Cesses to 14%. The ‘Education Cess’ and ‘Secondary and Higher Education Cess’ shall be subsumed in the new service tax rate. The revised rate shall come into effect from a date to be notified.
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