A. CHANGES W.E.F. 01.06.2015
1. Section 66B – Rate of Service Tax - Increased
The rate of service tax has been increased from 12% to 14% subsuming cess.
The applicable rates based on the Point of Taxation Rules, 2011 is given in the following table:
| S.No. | Taxable Service Provided | Issue of Invoice | Receipt of payment | Point of Taxation | Rate Applicable |
| 1 |
Before 01.06.2015 |
After 01.06.2015 |
After 01.06.2015 |
Date of payment or issue of invoice whichever is earlier |
14% |
| 2 |
Before 01.06.2015 |
Before 01.06.2015 |
After 01.06.2015 |
Date of issue of invoice | 14% |
| 3 |
Before 01.06.2015 |
After 01.06.2015 |
Before 01.06.2015 |
Date of payment | 12.36% |
| 4 |
After 01.06.2015 |
Before 01.06.2015 |
After 01.06.2015 |
Date of payment | 12.36% |
| 5 |
After 01.06.2015 |
After 01.06.2015 |
Before 01.06.2015 |
Date of payment or Issue of invoice whichever is earlier |
14% |
| 6 |
After 01.06.2015 |
Before 01.06.2015 |
Before 01.06.2015 |
Date of issue of invoice | 12.36% |
