https://www.taxtmi.com/article/detailed?id=6282 Service tax headline rates and the removal of education cesses on 1 June 2015 increased the base levy and eliminated separately charged cesses, changing aggregate tax incidence. Compound rates for discrete services (air ticket booking, life insurance, currency exchange, lottery distribution, etc.) are updated with pre- and post-1 June 2015 percentages tied to defined taxable bases. Effective post-abatement rates for sectoral services (including GTA, works contracts, catering, transport, tour operators, room rent and motor cab renting) are provided to reflect the revised base rate inclusive of applicable abatements. en-us Thu, 28 May 2015 06:50:46 +0530 Thu, 28 May 2015 06:50:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6282 Service tax headline rates and the removal of education cesses on 1 June 2015 increased the base levy and eliminated separately charged cesses, changing aggregate tax incidence. Compound rates for discrete services (air ticket booking, life insurance, currency exchange, lottery distribution, etc.) are updated with pre- and post-1 June 2015 percentages tied to defined taxable bases. Effective post-abatement rates for sectoral services (including GTA, works contracts, catering, transport, tour operators, room rent and motor cab renting) are provided to reflect the revised base rate inclusive of applicable abatements. Articles Service Tax Thu, 28 May 2015 06:50:46 +0530 https://www.taxtmi.com/article/detailed?id=6282