Rate of service tax
This query is : Resolved
09 March 2015
service tax @ 14% applicable date & till how much rate should apply
09 March 2015
The date will be notified by government. It is effective after the enactment of the financial bill, 2015. Till then, charge 12.36%.
09 March 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 you need to wait. Till new rates are notified the existing rate of 12.36% will continue.
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 you need to wait. Till new rates are notified the existing rate of 12.36% will continue.
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