Service tax rate increased from 12.36% to 14%

Service tax rate increased from 12.36% to 14% (Subsuming EC and SHEC) effective from 01.06.2015. 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 Education Cess and Secondary & Higher Secondary Education Cess) to be effective from June 1, 2015.

Swachh Bharat Cess @ 2% on value of taxable services and any Service provided by Government/ Local authority to Business entity to be notified at a later date Point of Taxation (POT) when there is change in effective rate of taxes:

pdf file attached  SERVICE TAX RATE EFFECTIVE