Service tax rate on 14 may 2015

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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.

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.

17 May 2015 It is 12.36 till now...


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



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