Rate of service tax from 14/04/2015


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Querist : Anonymous

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Querist : Anonymous (Querist)
16 May 2015 Dear Sir,

As known form source that Servcie tax rate 14 % will be effective from 14/05/2015 as Finance Bills was passed only notification
will be issued in short period.

Kindly advise for the same.

16 May 2015 it is still not yet notified so currently present rate of 12.36% is applicable.

16 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. So as of now 12.36% is applicable.

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.

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


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