Regarding Post Budget changes – Service Tax – D.O.letter JS TRU-II dt. 19-05-15

Government of India Ministry of Finance Department of Revenue Tax Research Unit D.O.F.No.334/5/2015-TRU  New Delhi, May 19, 2015 Dear Principal Chief Commissioner / Chief Commissioner / Director General, The Finance Bill, 2015, has received the assent of the Honorable President and has been notified. In the Budget, 2015, certain amendments in the Finance Act, 1994…

Increase In Service tax Rate from 12.36% to 14% with effect from 1st June, 2015

In  the  Union  Budget, 2015,  an  increase  in  the  rate  of  Service  Tax from  12.36%  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 date from which the rate of 14% would become applicable.…