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datta jadhav (Querist)
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01 March 2015 dear experts as per budget 15-16 service tax rate is 14% my question is this changes when will applicable????

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 March 2015 This change will be applicable from a date to be notified later after passing the Finance bill.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 March 2015 The service tax rate is being increased from 12% plus Education Cesses to 14%. The ‘Education Cess’ and ‘Secondary and Higher Education Cess’ shall be subsumed in the new service tax rate. The revised rate shall come into effect from a date to be notified.

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