New Service Tax Rate

[SURYAKANT MITHBAVKAR]

Which is the effective date for New Service tax rate i.e. @14% is applicable.

Pl. Advice.

[Rajagopalan Ranganathan]

Sir,

It is effective from 1.6.2015.vide Notification No. 14/2015-ST dated 19.5.2015.

[rishi mohan]

Effective date for applicability of new service tax rate i.e 14% shall be 1st June, 2015.

AI Summary

Service tax rate change becomes effective in early June following the notified amendment, altering taxable services' levy. The revised service tax rate is effective from 1 June 2015 pursuant to Notification No. 14/2015 ST dated 19.5.2015; the notification governs applicability of the amended rate to taxable services on and after that date.