Browse Month: June 2015

Service tax rate changed to 14% effective June 01, 2015

Dear Valued Customer,

We would like to inform you that vide Notification No.14/2015-ST dated May 19, 2015, issued by the Department of Revenue under Ministry of Finance, Government of India, the service tax rate has increased from 12.36% to 14% (Subsuming Education Cess and Secondary & Higher Secondary Education Cess). This change is effective from June 1, 2015.

Please note that for any new invoice post 01-06-2015, the new rate will be applicable. Per-forma invoices issued prior to 01-06-2015 with old Service Tax rates will be accordingly revised to reflect the new rate of 14%.

Thanks for your co-operation.