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Increased and revised Service Tax Rate of 14% as proposed in Budget 2015-16 is applicable with effect from 01-06-2015 . The levy of Education Cess and Secondary and Higher Education (SHE) Cess would also cease from same date, as the same would be subsumed in the service tax rate of 14%.
Please note that section 108 of the finance Act, 2015 which receive the assent of the President of India on 14-05-2015 reads as under: The notification to this effect is as under. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA NOTIFICATION
New Delhi, No. 14/2015-Service Tax G.S.R. ---(E).- In exercise of the powers conferred by clauses (a), (c) and (f) of section 107, section 108, sub-sections (2), (3) and (4) of section 109, section 153 and section 159 of the Finance Act, 2015 (No. 20 of 2015), the Central Government hereby appoints the 1st day of June, 2015 as the date on which the provisions of clauses (a), (c) and (f) of section 107, section 108, sub-sections (2), (3) and (4) of section 109, section 153 and section 159 of the said Act shall come into force. [F.No. 334/5/2015 - TRU]
(Akshay Joshi)
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