Service tax
This query is : Resolved
vidyanath patil
(Querist)
08 April 2015
Dear Sir. when new service tax applicable. Please inform me
CA AnKiT BoHrA (AB)
(Expert)
08 April 2015
once it get notified...!!!
Until that old rate wil b in use
Until that old rate wil b in use
08 April 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 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.
Personally I expect the new rates to be applicable from 1st July 2015.
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 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.
Personally I expect the new rates to be applicable from 1st July 2015.
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