Effective date of applicability of 14% service tax rate
This query is : Resolved
RAMEEZ RAJA
(Querist)
01 April 2015
hi
kindly help me out regarding the date of charging 14% of service tax.
01 April 2015
there is no announcement of effective date of applicability of new rate so present rate of 12.36% continues to apply.
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.
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
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
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