{"id":223,"date":"2015-07-10T11:51:55","date_gmt":"2015-07-10T11:51:55","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=223"},"modified":"2021-12-14T16:17:29","modified_gmt":"2021-12-14T10:47:29","slug":"service-tax-new-rates-applicable-w-e-f-1st-june-2015","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/service-tax-new-rates-applicable-w-e-f-1st-june-2015\/","title":{"rendered":"highlight on applicability of new service tax rates"},"content":{"rendered":"

<\/h2>\n

\"Untitled22\"<\/a><\/p>\n

SERVICE TAX<\/a> NEW RATES APPLICABLE W.E.F.\u00a01ST JUNE, 2015\u00a0<\/strong><\/span><\/h2>\n

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\u00a01st June, 2015\u00a0(Notification No. 14\/2015-ST dated 19th May, 2015).<\/p>\n\n\n\n\n\n\n\n\n\n
Service Provided<\/strong><\/span><\/td>\nInvoice Date<\/strong><\/span><\/td>\nPayment Received<\/strong><\/span><\/td>\nRate of Service Tax<\/strong><\/span><\/td>\n<\/tr>\n
20\/05\/2015\u00a0i.e. Before 01\/06\/2015<\/td>\n01\/06\/2015 i.e. on or After 01\/06\/2015<\/td>\n01\/06\/2015\u00a0i.e. on or After\u00a001\/06\/2015<\/td>\n14%<\/td>\n<\/tr>\n
20\/05\/2015 i.e. Before 01\/06\/2015<\/td>\n01\/06\/2015\u00a0i.e. on or After\u00a001\/06\/2015<\/td>\n12.36%<\/td>\n<\/tr>\n
01\/06\/2015 i.e. on or After 01\/06\/2015<\/td>\n20\/05\/2015 i.e. Before 01\/06\/2015<\/td>\n12.36%<\/td>\n<\/tr>\n
01\/06\/2015 i.e. on or After 01\/06\/2015<\/td>\n20\/05\/2015 i.e. Before 01\/06\/2015<\/td>\n01\/06\/2015\u00a0i.e. on or After\u00a001\/06\/2015<\/td>\n14%<\/td>\n<\/tr>\n
20\/05\/2015 i.e. Before 01\/06\/2015<\/td>\n20\/05\/2015 i.e. Before 01\/06\/2015<\/td>\n12.36%<\/td>\n<\/tr>\n
01\/06\/2015 i.e. on or After 01\/06\/2015<\/td>\n20\/05\/2015 i.e. Before 01\/06\/2015<\/td>\n14%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

For Example,<\/strong><\/span><\/p>\n

    \n
  1. If service is provided on 20th\u00a0may 2015 i.e. \u00a0Before 1st\u00a0June 2015 And invoice is issued on or after 1st\u00a0June 2015 and payment is received on or after 1st\u00a0June 2015 than applicable service tax rate is 14%; or<\/li>\n
  2. If service is provided on 20th\u00a0may 2015 i.e.\u00a0 before 1st\u00a0June 2015 And invoice is issued before 1st\u00a0June 2015 and payment is received on or after 1st\u00a0June 2015 than applicable service tax rate is 12.36%; or<\/li>\n
  3. on 20th may 2015 if\u00a0service is provided i.e.\u00a0 Before 1st June 2015 And invoice is issued on or after 1st June 2015 and payment is received before 1st June 2015 than applicable service tax rate is 12.36%;or<\/li>\n
  4. If service is provide on or after\u00a001\/06\/2015\u00a0and invoice is issued before 1st\u00a0June 2015 and payment is received on or after\u00a001\/06\/2015\u00a0than applicable service tax rate is 14%;or<\/li>\n
  5. If service is provide on or after\u00a001\/06\/2015\u00a0and invoice is issued before 1st\u00a0June 2015 and payment is received before 1st\u00a0June 2015 than applicable service tax rate is 12.36%;or<\/li>\n
  6. on or after if service is provide 01\/06\/2015 and invoice is issued on or after 1st June 2015 and payment is received before 1st June 2015 than applicable service tax rate is 14%.<\/li>\n<\/ol>\n

    Corresponding changes in Rules 6 of Service Tax Rules, 1994<\/a> for increase in rate of Service Tax for:<\/strong><\/span><\/p>\n

      \n
    1. Air Travel Agent,<\/li>\n
    2. Life Insurance Business,<\/li>\n
    3. Foreign Exchange Brokers and<\/li>\n
    4. Distributor & Selling Agent of Lottery will also be applicable w.e.f. 1st June, 2015 (Notification No. 15\/2015-ST).<\/li>\n<\/ol>\n

      \u00a0In addition following changes will be applicable w.e.f.\u00a01st June, 2015:-<\/strong><\/span><\/p>\n

      In addition following changes will be applicable w.e.f.\u00a01st June, 2015:-<\/p>\n

        \n
      1. Service Tax on amusement facilities and Entertainment Events however exemption is available in respect of following services by way of right to admission to,:-\n
          \n
        1. Exhibition of cinematographic film, circus, dance, or theatrical performance including drama or ballet;<\/li>\n
        2. Recognized sporting event;<\/li>\n
        3. Award function, concert, pageant, musical performance or any sporting event other than a recognized sporting event, where the consideration for admission is not more than Rs. 500 per person.\u201d<\/li>\n
        4. Service Tax on Liquor Job Work;<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n

          Date of applicability of following provisions is yet to be notified<\/strong>:-<\/strong><\/span><\/p>\n

          Date of applicability of following provisions is yet to be notified:-<\/p>\n

            \n
          1. Expansion of scope of services provided by Government and Local Authority; and<\/li>\n
          2. Applicability of \u2018Swach Bharat Cess<\/a>\u2019.<\/li>\n<\/ol>\n

            The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances; Hope the information will assist you in your Professional\u00a0endeavors. For query or help, contact: singh@carajput.com<\/a>\u00a0or call at 9555555480.<\/p>\n

            \n","protected":false},"excerpt":{"rendered":"

            SERVICE TAX NEW RATES APPLICABLE W.E.F.\u00a01ST JUNE, 2015\u00a0 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\u00a01st June, 2015\u00a0(Notification No. 14\/2015-ST dated 19th May, 2015). Service Provided Invoice Date Payment Received Rate of Service Tax 20\/05\/2015\u00a0i.e. Before 01\/06\/2015 …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172,4],"tags":[2963,2964,2962,2967,2966,2965],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/223"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=223"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/223\/revisions"}],"predecessor-version":[{"id":19819,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/223\/revisions\/19819"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}