What is the rate of service tax in FY 2014 15?

Current service tax rate is 12%. On it, 2% education cess and 1% higher education cess are added. So the effective service tax rate is 12.36% (12% + 3%).

What is the current rate of service tax in India currently?

15%
After the new proposal brought in during the 2016 Union Budget, the current service tax rate is 15% Which is effective from June 1, 2016. How will the Krishi Kalyan Cess be distributed? A service tax is collected by the Central Government from service providers for offering certain types of products and services.

What is the rate of service tax for 2015-16?

What is the Rate of Service Tax for 2015-16 and 2016-17 Period Rate of Service Tax Till 31 May 2015 12.36% From 1 June 2015 to 14 Nov 2015 14% From 15 November 2015 to 31 May 2016 14.5% From 1 June 2016 15%

Which is the current rate of service tax in India?

Further, from November 15th, 2015, an additional Swachh Bharat Cess got added at the rate of 0.5%, which left the service tax at 14.5%. After the new proposal brought in during the 2016 Union Budget, the current service tax rate is 15% Which is effective from June 1, 2016.

When was service tax replaced by GST in India?

Note: Service Tax has been replaced by the Goods and Services Tax ( GST) starting 1 July 2017. During the 2015 budget, the Finance Minister had incremented the service tax rate from 12.36% to 14%, which had been applicable from June 1, 2015.

Which is the new tax rate in India?

Note : from 15/11/2015 Govt has introduced 0.5 % Swachh Bharat Cess – The effect of same is not given in the below details/chart For New Service Tax Chart New Service Tax Chart 14.5 % No cenvat credit for input, input services or capital goods.Invoice includes amount of accommodation. No cenvat credit for input, input services or capital goods.