Service tax rate applicable for nov. 15 exams

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sugandha saraswat (Querist)
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02 July 2015 plz tell wat st rate will b applicable for nov 15 xms. And amendments upto which date wil be app. For idt.?

sugandha saraswat

sugandha saraswat (Querist)
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06 July 2015 dear expert, please reply to my question.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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24 July 2025 As of November 2015, the applicable Service Tax rate in India was 14.5%, which included:
amlegals.com
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Wikipedia
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Wikipedia
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14% Service Tax (effective from June 1, 2015)
0.5% Swachh Bharat Cess (introduced on November 15, 2015)
teachoo
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BankBazaar
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Wikipedia
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This brought the total effective rate to 14.5%.

📘 Amendments Up to November 2015
Key amendments to Service Tax law up to November 2015 included:

Section 66B: The charging section for Service Tax was amended to increase the rate from 12% to 14%.
teachoo
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BankBazaar
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Abolition of Education Cess and Secondary and Higher Education Cess: These were subsumed into the new 14% rate.
Wikipedia
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teachoo
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Swachh Bharat Cess: Introduced at 0.5% on all taxable services, effective from November 15, 2015.
taxindiaupdates.in
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TaxGuru
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Wikipedia
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Reverse Charge Mechanism (RCM): Specific services were brought under RCM, where the recipient of the service is liable to pay Service Tax.
TaxGuru
Abatement Notifications: Various notifications provided for partial exemption (abatement) on certain services, reducing the taxable value on which Service Tax is calculated.
TaxGuru
📚 For Exam Preparation
For exams in November 2015, focus on:

Service Tax rate of 14.5%, including Swachh Bharat Cess.
teachoo
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Wikipedia
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amlegals.com
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Key amendments up to November 2015, particularly those affecting valuation and reverse charge.
Abatement provisions and their impact on taxable value.
Point of Taxation Rules and their application.
TaxGuru
Recent notifications and their implications on Service Tax calculations.

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