CA NeWs Beta*: Increase in Service Tax rate to 14% Other Service Tax-CENVAT changes and Impact wef 01.06.2015

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Wednesday, May 20, 2015

Increase in Service Tax rate to 14% Other Service Tax-CENVAT changes and Impact wef 01.06.2015

Posted: 19 May 2015 09:24 PM PDT
Service tax rate increased from 12.36% 14% (Subsuming EC and SHEC) effective from June 1, 2015 and Other changes;After the Hon’ble President has given assent to the Finance Bill, 2015 on Thursday, May 14, 2015, the Ministry of Finance, Department of Revenue vide Notification No. 14/2015-ST dated May 19, 2015 has notified increase in the rate of Service tax from 12.36% to flat 14% (Subsuming...

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