Higher rates of service tax (from 12.36% to 14%) will become effective only when the Finance Act 2015 is enacted and not from Wednesday (01/04/2015) .
"The increase in service tax rate from 12.36% to 14% will take effect only from the day a notification is issued specifying an effective date for it, after the enactment of Finance Act 2015. Till then the existing 12.36% service tax rate continues |
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