PLEASE CONFIRM SERVICE TAX 16% APPLICABLE FROM APRIL'15 OR MARCH'15, Service Tax

[nandankumar roy]

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

Posts / Replies

[Naveed S]

Sir,

The Service Tax rate is being increased from 12% plus Education Cesses to 14%. The ‘Education Cess’ and ‘Secondary and Higher 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 Service 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 ‘Education cess’ and ‘Secondary and Higher Education cess’ shall continued to be levied in Service Tax.

[MUKUND THAKKAR]

sir,

Agree with Naveed comments,

will get clarification up to second week of May.16. with the effect of 2% of swachh Bharat Cess.

[MUKUND THAKKAR]

please read May 15 I/o May 16.