TaxTMI 
TaxTMI 
Change in Service Tax rate
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....hange in Service Tax rate<br> Query (Issue) Started By: - Admin TMI Dated:- 1-3-2015 Last Reply Date:- 1-3-2015 Service Tax<br>Got 1 Reply<br>Service Tax<br>Question - Is there any change in rate of ....
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....service tax proposed in Finance Bill 2015 ? Reply By Admin TMI: The Reply: The Service Tax rate is being increased from 12% plus Education Cesses to 14%. The 'Education Cess' and 'Secondary and High....
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....er Education Cess' shall be subsumed in the revised rate of Service Tax. Thus, effective increase in Service Tax rate will be from existing rate of 12.36% (inclusive of cesses) to 14%. The new Servic....
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....e Tax rate shall come into effect from a date to be notified by the Central Government after the enactment of the Finance Bill, 2015. Till the time the revised rate comes into effect, the levy of 'Ed....
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....ucation cess' and 'Secondary and Higher Education cess' shall continued to be levied in Service Tax.<br> Discussion Forum - Knowledge Sharing ....