We are construction staff and we want to know new Service Tax rate for Construction and its effect date.
Is it clear that Cess withdrawn? New Swachbharath Cess is there? Then what is the calculation we have to follow and Transport of goods Service Tax rate. Our confuse here effect from 01/04/2015 or 01/06/2015.
Regards
New rate of Service Tax is applicable once the Finance Bill 2015 gets enacted and not w.e.f 01-04-2015. Until then, Education Cess and SHE Cess is applicable. Swach Bharath Cess shall be imposed on ALL or ANY of the taxable services. One will have to wait and watch if Swach Bharath Cess of 2% will be made applicable to Construction services or not.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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