Service tax rate on 14 may 2015

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 May 2015 Sir
kya 14 may 2015 se service tax rate 14% ho gaya hai or swachh bharat cess 2% total 16% service tax rate ho gaya hai.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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17 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.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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17 May 2015 It is 12.36 till now...

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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21 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