Effective date of service tax @ 14%


This query is : Resolved 

15 May 2015 Dear Sir,

Can you tell me the effective date from which Service tax @ 14% charges in the Service Bill raised. As the Finance Act said the effective date of implimentation to be notified.


Please tell me from the date which the Rate of Service Tax @14% will be charges.

Regards,

Mahesh Kumar

15 May 2015 Though Finance Bill 2015 has received President's Assent and has now become Act, the effective date of ST @ 14% is still to be notified. Till then the effective date is 12% only.

15 May 2015 Hon'ble President has given assent to Finance Bill, 2015 and now it became Finance Act (No.20)2015.

Notification for effective date regarding increase in service tax rate from 12.36% to 14% is still awaited.

Notification for effective date regarding levy of Swachh Bharat Cess of 2% also awaited.

Now Service Tax Notification in this regard is expected to be out very soon.

15 May 2015 It will b notified soon now..Hope so

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

20 May 2015 NoTification came

Yes new rate it applicable now i.e.14% till any notifIcation came regarding cess from 1st june....


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