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Introspection of Amendments in Service Tax provisions via Budget 2016



Honble Finance Minister Sh. Arun Jaitley tables the Union Budget 2016 on 29 Feb-2016, citing that 0.5% of Krishi Kalyan Cess to be levied on all the services making the effective service tax rate 15% (i.e. 14% + Swachh Bharat Cess 0.5% + Krishi Kalyan Cess 0.5%) {the same will be applicable w.e.f.01

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