Rate of service tax from 14/04/2015

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 May 2015 Dear Sir,

As known form source that Servcie tax rate 14 % will be effective from 14/05/2015 as Finance Bills was passed only notification
will be issued in short period.

Kindly advise for the same.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 May 2015 it is still not yet notified so currently present rate of 12.36% is applicable.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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16 May 2015 Hon'ble President has given assent to Finance Bill, 2015 and now it became Finance Act (No.20)2015.

Notification for effective date regarding increase in service tax rate from 12.36% to 14% is still awaited. So as of now 12.36% is applicable.

Notification for effective date regarding levy of Swachh Bharat Cess of 2% also awaited.

Now Service Tax Notification in this regard is expected to be out very soon.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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19 May 2015 Revised Service Tax Rate will be applicable from 01.06.2015.

Refer Notification No 14/2015 Dated 19.05.2015 from link given below:

https://www.caclubindia.com/forum/files/555789_20150519211107_notification.pdf

https://www.caclubindia.com/forum/files/555789_20150519213343_tru_letter.pdf