Service tax

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AMAR PAUL

AMAR PAUL (Querist)
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09 May 2015 What is the rate of service tax w.e.f. 1st April 2015???

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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10 May 2015 12.36% is applicable. New rate is yet to be notified.

Also check out CBEC Clarification from link given below in this regard:

https://www.caclubindia.com/news/cbec-clarifies-rate-of-service-tax-is-12-36--14824.asp#.VTPLriGqqko

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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14 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.

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 soon.

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