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June 2015

Service tax rate of 14% applicable from 01-06- 2015 Notification No. 14/2015 – Service Tax- dated 19-05-2015

By Tarun Ghia, Kevin Shah, Brijesh Cholera Chartered Accountants

Reading Time 1 mins

Finance Minister while presenting the Budget, 2015 had increased the rate of service tax from 12.36 % to flat 14%. However, the date from which the new rate would be applicable was not announced. On 19th May, vide this Notification, Finance Ministry has announced that the new service tax rate of 14% will be applicable from 1st June, 2015.

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June 2015

Service tax rate of 14% applicable from 01-06- 2015 Notification No. 14/2015 – Service Tax- dated 19-05-2015

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(2015) 118 DTR (Mumbai) (Trib) 227 ITO vs. Vinay P. Karve (L/H of Late Mrs. Asha Pramila Wagle) A.Y.: 2005–06 Dated: 12.09.2014

Definition of Chit Find removed Notification No. 13/2015-Service taxdated 19-05-2015

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June 2015

Service tax rate of 14% applicable from 01-06- 2015 Notification No. 14/2015 – Service Tax- dated 19-05-2015

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(2015) 118 DTR (Mumbai) (Trib) 227 ITO vs. Vinay P. Karve (L/H of Late Mrs. Asha Pramila Wagle) A.Y.: 2005–06 Dated: 12.09.2014

Definition of Chit Find removed Notification No. 13/2015-Service taxdated 19-05-2015