ICAI/IDTC/GST/2015 1st
April, 2015
Clarification- No change in rate of Service Tax
Finance bill, 2015 has proposed to increase effective rate of
Service Tax from 12.36% to 14%. It is wrongly reported in some quarters that
the effective date of change in rate of Service Tax is 1st April, 2015. It is
hereby clarified that the change in the rate of Service Tax will be effective
from the date to be notified after enactment of Finance Bill, 2015.
In this regard relevant portion of D.O.F. No.334/5/2015-TRU
dated 28th February 2015 is produced below:
“3.3 The Service Tax rate shall come into effect from a date
to be notified by the Central Government after the enactment of the Finance
Bill, 2015”.
Hence, it is worthwhile to mention that there is no change in
the rate of Service Tax w.e.f. 1st April 2015.
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