VAT FAQ

All India Tax & VAT Solution

New Service Tax Rate Date

SERVICE TAX SWACHH BHARA CESS TO BE INTRODUCED FROM 15 NOVEMBER 2015 AT 0.5%

Ministry of Finance Department of Revenue Central Board of Excise and Customs (CBEC)  has issued the Notification for date and rate of Swachh Bharat Cess from 15th November 2015 at .5% on value of taxable services. So from 15th Nov 2015 Service Provider has to charge 14% Service Tax and .5% Swachh Bharat Cess on value of taxable services [TO BE […]

 

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NEW SERVICE TAX RATE OF 14% EFFECTIVE FROM 1st JUNE 2015

Government of India i.e. Ministry of Finance (Department of Revenue) has issued the notification no D.O.F.No.334/5/2015-TRU on 19th may 2015 regarding the change in service tax rate from 12% to 14% and new service tax rate of 14% will be effective from 1st June 2015. Current Service Tax Rate of 12%+2%+1%=12.36% will remain applicable till 30th May […]

 

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New Service Tax Rate 14% +2% i.e. 12.36% to 14%+2% =16% New Effective Date and Rate

Ministry of Finance of has issued the clarification related to the applicability of the new service tax rate of 14%+2%(Swachh Bharat Tax) total of 16% and as per the circular new rate and its applicable date will be notified by the government after the enactment of the Finance Bill, 2015 i.e. after budget is passed by the parliament and assented by the President of India and possible date […]