Change in Service Tax Rate

As proposed in Finance Bill 2016 under Chapter VI, a new levy 'Krishi Kalyan Cess' shall be levied @ 0.50% with effect from 01.06.2016Thus with effect from 01.06.2016 Service Tax will be charged at 14% additionally Swachh Bharat Cess @ 0.5% and Krishi Kalyan Cess @ 0.5% (Total 15%) will be charged on total taxable value.

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Circulars File Upload: 
Circulars Ref No.: 
NIELIT/KOL/141/1072/255
Circulars Date: 
Monday, May 30, 2016
Center Name: 
KOLKATA