Rate of service tax
This query is : Resolved
29 March 2015
Present rate.of service tax & effective date(ref notification no)
29 March 2015
Please refer D.O.F. No. 334/5/2015-TRU Dated 28.02.2015 from link given below:
http://www.cbec.gov.in/ub1516/do-ltr-jstru2.pdf
In Point No. 3.3 it is clearly mentioned that "The new Service Tax rate of 14% 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.
http://www.cbec.gov.in/ub1516/do-ltr-jstru2.pdf
In Point No. 3.3 it is clearly mentioned that "The new Service Tax rate of 14% 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.
29 March 2015
current rate is 12.36 % Notification no. 02/2012 dated 17.03.2012 w. e. f. 01.04.2012
How ever increase from 12.36% to 14% in the budget 2015. will be effect from the date of finance act get approved by President
How ever increase from 12.36% to 14% in the budget 2015. will be effect from the date of finance act get approved by President
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