Service Tax Alert

 

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%

 

 

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