New rate of service tax and effective date to apply
This query is : Resolved
Ashok Mahajan
(Querist)
11 May 2015
Please tell me the current effective rate of service tax, is it 12.36%,14% or 14.42%
CA R SEETHARAMAN
(Expert)
11 May 2015
The current effective rate of service tax is 12.36%.
24 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
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
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