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Service Tax Rate of 14% will be effective from 01st June 2015
PrintSection 66B of the Finance Act 1994 prescribes the service tax rate. it has been amended by section 108 of the finance act 2015. The rate of service tax is being increased from 12& to 14% (including cess). The increase in service tax rate will come into effect from 1st june 2015 (Notification no. 14/2015 - service tax, dated 19th May 2015 refers)
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