highlight on applicability of new service tax rates
SERVICE TAX NEW RATES APPLICABLE W.E.F. 1ST JUNE, 2015 Yesterday Central Government has issued most awaited notification for change in effective rate of Service Tax from 12.36% to 14%. New rates will be applicable from 1st June, 2015 (Notification No. 14/2015-ST dated 19th May, 2015). Service Provided Invoice Date Payment Received Rate of Service Tax 20/05/2015 i.e. Before 01/06/2015 …