Monday 16 November 2015

Service Tax Rate Changed to 14.5% w.e.f 15th November, 2015

Service Tax rate has been changed from 14% to 14.5% w.e.f. 15th November, 2015 vide notification no 21/2015 - Service Tax dated 06-11-15

The Government of India has decided to impose  0.5% Swachh Bharat Cess on taxable services which will be used towards cleanliness and sanitation projects of Government of India

The Cenvat Credit of Swachh Bharat Cess would not be admissible as there is no amendments in Cenvat Credit Rules, 2004