PRESS NOTE - Notified 1st June,2015 as the date from which the service tax rate of 14% would become applicable

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....RESS NOTE - Notified 1st June,2015 as the date from which the service tax rate of 14% would become applicable <br>News and Press Release<br>Dated:- 20-5-2015<br><BR>In the Union Budget, 2015, an incre....

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....ase in the rate of Service Tax from 12% to 14% had been proposed from a date to be notified. The Finance Bill, 2015 has since been enacted and the Central Government has notified 1st June, 2015 as the....

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.... date from which the rate of 14% would become applicable. The provisions levying Education Cess and Secondary and Higher Education Cess would also cease to have effect from same date i.e. 1st June, 20....

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....15, as the same would be subsumed in the service tax rate of 14%. Certain other changes have also been notified with effect from 1st June, 2015. However, the date of giving effect to the provisions r....

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....elating to imposition of a Swachh Bharat cess on all or any taxable service will be done in due course.<BR> News - Press release - PIB....