TaxTMI 
TaxTMI 
Is any rate change has been implemented in central excise and service tax
RATE CHANGE IN EXCISE & SERVICE
ranjit kunar
Service Tax Rate Increase from 12% to 14% Effective April 1, 2015; Excise Rate Change from March 1, 2015. A discussion on a forum addressed changes in central excise and service tax rates. A participant inquired about any rate changes, and a respondent confirmed the service tax increase from 12% to 14%, likely due to a budget update. Another participant asked about the effective dates for these changes. It was clarified that the excise rate change would be effective from March 1, 2015, and the service tax from April 1, 2015. A request was made for the official notifications detailing the execution dates for both taxes. (AI Summary)