PLEASE CONFIRM SERVICE TAX 16% APPLICABLE FROM APRIL'15 OR MARCH'15

[nandankumar roy]

PLEASE INFORM REVISED SERVICE TAX 16% APPLICABLE DATE WHETHER IT IS FROM 2015-16 OR FROM MARCH'15 . WHAT WILL BE EFFECT IN CASE OF FROM MARCH '15 ON ONLINE SERVICETAX RETURN2014-15.PL HELP.

REGARDS,

N K ROY

AI Summary

Clarification Sought on Effective Date for Revised 16% Service Tax Rate and Impact on 2014-15 Online Returns A participant inquired about the effective date for the revised 16% Service Tax, questioning whether it applies from March or April 2015 and its effect on online service tax returns for 2014-15. A respondent clarified that the Service Tax rate is increasing from 12.36% to 14%, with the Education Cess and Secondary and Higher Education Cess being subsumed. The new rate will take effect following the enactment of the Finance Bill, 2015. Another participant agreed and mentioned awaiting further clarification regarding an additional 2% Swachh Bharat Cess by mid-May 2015.