New rates of service tax

1364 views 4 replies

What is the effective date of new rate of Service Tax (i.e. 14%)
 

Replies (4)

no one knows... it wil b applicable once it get notified by the govt of india...

 

til than old rate is in use i.e. 12.36 %

I agree with CA Ankit Bohra. New date will be from enactment in parliament. However for some service there should be additional Swachha Bharat Cess of 2% but yet it is not clear how the same would be calculated i.e. on value of service or on service tax payable. It will be on some specific service which is not decided, yet.

Me too agree with CA ANKIT BOHRA

Wait for the enactment of Finance Bill, 2015 after which the government will issue a notification for the effective date of application of revised rate of 14%. Normally, the President gives his assent in the 1st week of May.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details