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Service tax new rat

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 March 2015 service tax new rate declare in budget. inform to me 14% service tax effective date

10 March 2015 yes the rate is now increased from 12.36 to 14%.. If we include Swachh Bharat Cess of 2%, then the effective rate would be 16%.


10 March 2015 https://www.caclubindia.com/articles/service-providers-be-ready-to-fulfill-the-dream-of-modi-s-swachh-bharat--23203.asp

yes it is 16% but only on specified services which is yet to be notified.




10 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 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.

11 March 2015 since querist have asked only the effective date it is stated that new rate shall be notified by governemnt.

22 March 2015 For analysis and updations on Indirect taxation you can log in to our website www.indirecttaxprofessionals.com



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