Service Tax Rate Revised From 14% To 14.50% w.e.f. November 15, 2015
This is to inform you that the Ministry of Finance, Department of Revenue has revised Service Tax Rate from 14% to 14.50%, which has become effective from November 15, 2015.
The revision in the tax rate is to levy SWACHH BHARAT CESS @ 0.5%.
Important-After 15th November, 2015 for any products or services due for renewal or for payment of any new product or order, the service tax of 14.50% will be levied.
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