India Sets Effective Date for Increase in Service Tax Rate
The increase in India's Service Tax rate as included in the recently enacted Finance Act 2015 will apply from 1 June 2015, according to a notice from the Central government. The current service tax of 12.36% (including 2% education cess and 1% secondary and higher education cess) is increased to a consolidated rate of 14% with the cess no longer levied.
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