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Effective date

This query is : Resolved 

10 March 2015 what is effective date of service tax @ 14% , and I want know about rembersment expense is taxable or not

10 March 2015 Please refer D.O.F. No. 334/5/2015-TRU Dated 28.02.2015 from link given below:

http://www.cbec.gov.in/ub1516/do-ltr-jstru2.pdf

In Point No. 3.3 it is clearly mentioned that "The new Service Tax rate shall come into effect from a date to be notified by the Central Government after the enactment of the Finance Bill, 2015."

So you need to wait. Till new rates are notified the existing rate of 12.36% will continue.



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