New rate of service tax and effective date to apply

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Ashok Mahajan

Ashok Mahajan (Querist)
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11 May 2015 Please tell me the current effective rate of service tax, is it 12.36%,14% or 14.42%

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 May 2015 The current effective rate of service tax is 12.36%.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 May 2015 Revised Service Tax Rate of 14% will be applicable from 01.06.2015.

Refer Notification No 14/2015 Dated 19.05.2015 and department clarification from link given below, which is self explanatory:

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

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

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