New rate
This query is : Resolved
29 May 2015
THE APPLICABILITY OF NEW RATE OF 14% HAS BEEN NOTIFIED ?
29 May 2015
Yes. It has been notified.
This revised rate (14%) will be applicable with effect from 1st of June 2015.
But the govt. are yet to notify the Swachh Brarat cess till now.
This revised rate (14%) will be applicable with effect from 1st of June 2015.
But the govt. are yet to notify the Swachh Brarat cess till now.
29 May 2015
Revised Service Tax Rate of 14% will be applicable from 01.06.2015. Refer Notification No 14/2015 Dated 19.05.2015 and department clarification from link given below, which is self explanatory:
https://www.caclubindia.com/forum/files/555789_20150519211107_notification.pdf
https://www.caclubindia.com/forum/files/555789_20150519213343_tru_letter.pdf
https://www.caclubindia.com/forum/files/555789_20150519211107_notification.pdf
https://www.caclubindia.com/forum/files/555789_20150519213343_tru_letter.pdf
29 May 2015
Switch over to new rates. To simplify:-
Rule 4 of Point of Taxation Rules change in effective rate of Service Tax: There are three events that occur in connection with a service A. Issue of Invoice B.Payment received C. Provision of Service If any two out of the three events have occurred on/before 31st May, the old rate of 12.36% shall be applicable. If any two out of the three events have occurred on/after 1st June, the new rate of 14% shall be applicable.
Rule 4 of Point of Taxation Rules change in effective rate of Service Tax: There are three events that occur in connection with a service A. Issue of Invoice B.Payment received C. Provision of Service If any two out of the three events have occurred on/before 31st May, the old rate of 12.36% shall be applicable. If any two out of the three events have occurred on/after 1st June, the new rate of 14% shall be applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Eway bill generation from place other than registeted
- Condonation . E-Verification of last year return .
- GST rate and HSN code for sale of racing horses
- Management System (IMS)
- DIN reactivation
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- TDS Return Q1 FY 2026-27
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
