TaxTMI 
TaxTMI 
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
PLEASE CONFIRM SERVICE TAX 16% APPLICABLE FROM APRIL'15 OR MARCH'15
11 Mar 2015 
3 Replies 
4146 Views Asked by
Service tax rate change subsuming education cesses; implementation date to be notified after Finance Bill enactment, causing filing uncertainty.
The proposed revision subsumes the Education Cess and Secondary and Higher Education Cess into a consolidated Service Tax rate, with the revised rate to take effect from a date to be notified by the Central Government after enactment of the Finance Bill, 2015; until that notified date the existing cesses will continue to be levied and stakeholders express uncertainty about retrospective application to online returns for the 2014-15 period and note the separate Swachh Bharat Cess issue. (AI Summary)
The proposed revision subsumes the Education Cess and Secondary and Higher Education Cess into a consolidated Service Tax rate, with the revised rate to take effect from a date to be notified by the Central Government after enactment of the Finance Bill, 2015; until that notified date the existing cesses will continue to be levied and stakeholders express uncertainty about retrospective application to online returns for the 2014-15 period and note the separate Swachh Bharat Cess issue. (AI Summary)