Saturday, November 14, 2015

Service tax increased

We would like to inform you that vide Notification No. 22/2015-Service Tax, dated 6th November, 2015, Government of India has introduced Swachh Bharat Cess at the rate of 0.5% which will be levied on all taxable services, with effect from 15th November, 2015.

Due to this notification, the effective rate of service tax has increased from 14% to 14.50% (inclusive of Swachh Bharat Cess). This change will be effective from 15th November, 2015.

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