Service tax hike to 14% becomes effective today
- 5 years ago
People will have to shell out more from Monday while using mobiles, eating out and travelling as the service tax rate goes up to 14 percent.
Finance Minister Arun Jaitley in his Budget had proposed to raise service tax from 12.36 percent (including education cess) to 14 percent. The proposal takes effect from June 1.The tax is levied on all services, expect a small negative list.
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Finance Minister Arun Jaitley in his Budget had proposed to raise service tax from 12.36 percent (including education cess) to 14 percent. The proposal takes effect from June 1.The tax is levied on all services, expect a small negative list.
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