Skip to main content

Wednesday, 27 May 2015

Service Tax Rate will be 14% from 1st June



Rate of Service Tax will be 14% from 1st June 2015, instead of the 12.36% earlier. The new rate was proposed in the Budget and is now effective after the Finance Bill 2015 became a law post receiving President’s assent.
This is being done to bring the service tax rate in line with the overall GST implementation.

Comments

Post a Comment

Popular posts from this blog

Indian Tax Souce Wishes You a happy " Sankranthi "
Post a Comment
Read more
Need Rent Receipts for HRA exemption? ClearSave is here To claim HRA exemption, you have to submit rent receipts to your employer. Usually employers need this proof of rent in January or February, before the financial year ends. It helps your employer give you exemption on HRA and adjust your TDS. Now you can prepare and print your rent receipts at  ClearSave . 1) Enter to clearsave .https://cleartax.in/save/rent and by Entering your rent and your door no. the below page will appear                  and now you should enter your name and your mail address and your owners name and owners pan number,from which date to till you would ike to take the receipt.      Just enter a couple of details to print these receipts and submit to your payroll department. You can even save & use them later. Remember to tell all your friends about it!           ...
Post a Comment
Read more
Govt extends last date for filing I.T. returns to  5th August The last date for filing income-tax returns has been extended to 5 August. Tax returns for 2015-16 (assessment year 2016-17) were originally to be filed by 31 July. But in view of the day-long strike at public sector banks, the deadline has been extended to 5 August. For assessees across India liable to file I-T returns by 31 July, the deadline is extended up to 5 August,  “For assessees in Jammu & Kashmir, this date has been extended to 31 August,” 
Post a Comment
Read more