04 January 2016
Service tax rate for manpower supply service is 12.36% until 1st June, 2015. New rate 14% will be applicable from 1st June, 2015.
Full reverse charge after budget 2015: If service provider is Individual, HUF, proprietary firm, partnership firm or AOP located in taxable territory and service receiver is a business entity incorporate as body corporate located in taxable territory; Reverse charge mechanism will apply.
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