Service tax rate applicable for nov. 15 exams
This query is : Resolved
sugandha saraswat
(Querist)
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
(Querist)
06 July 2015
dear expert, please reply to my question.
24 July 2025
As of November 2015, the applicable Service Tax rate in India was 14.5%, which included:
amlegals.com
+3
Wikipedia
+3
Wikipedia
+3
14% Service Tax (effective from June 1, 2015)
0.5% Swachh Bharat Cess (introduced on November 15, 2015)
teachoo
+6
BankBazaar
+6
Wikipedia
+6
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
+1
BankBazaar
+1
Abolition of Education Cess and Secondary and Higher Education Cess: These were subsumed into the new 14% rate.
Wikipedia
+1
teachoo
+1
Swachh Bharat Cess: Introduced at 0.5% on all taxable services, effective from November 15, 2015.
taxindiaupdates.in
+6
TaxGuru
+6
Wikipedia
+6
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
+6
Wikipedia
+6
amlegals.com
+6
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.
amlegals.com
+3
Wikipedia
+3
Wikipedia
+3
14% Service Tax (effective from June 1, 2015)
0.5% Swachh Bharat Cess (introduced on November 15, 2015)
teachoo
+6
BankBazaar
+6
Wikipedia
+6
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
+1
BankBazaar
+1
Abolition of Education Cess and Secondary and Higher Education Cess: These were subsumed into the new 14% rate.
Wikipedia
+1
teachoo
+1
Swachh Bharat Cess: Introduced at 0.5% on all taxable services, effective from November 15, 2015.
taxindiaupdates.in
+6
TaxGuru
+6
Wikipedia
+6
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
+6
Wikipedia
+6
amlegals.com
+6
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Accounting treatment of AMC alongwith the purchase of Laptop
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
