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Service Tax Amendments: June 2015

Published on Thu, May 21,2015 | 16:56, Updated at Thu, May 21 at 16:56Source : Moneycontrol.com 

The central government has notified that it will bring into effect an increase in the service tax from 12.36% to 14% on the 1st of June, 2015, which would include the education cess. Please find attached and appended below an ERGO from Khaitan & Co. titled ‘Service Tax Amendments Effective 1st June 2015’ which encapsulates the following:

  • New services within the ambit of service tax
  • Revised alternate tax rate for specified services
  • Amendment to CENVAT Credit Rules
  • Khaitan & Co.’s comment
Attachments : KCO - ERGO Newsletter - ServiceTax.pdf
 
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