Amendments in service tax in Union Budget 2015
1. Service tax rates: The service tax rate being increased from 12.36 percent (including education cess @ 3 percent) to 14 percent. The ‘Education Cess’ and ‘Secondary and Higher Secondary Education Cess’ shall be included in the revised service tax rate. Thus, the effective rate of service tax is 14 % including cesses. This new … Read more