<P> Service tax was a tax levied by Central Government of India on services provided or agreed to be provided excluding services covered under negative list and considering the Place of Provision of Services Rules , 2012 and collected as per Point of Taxation Rules , 2011 from the person liable to pay service tax . Person liable to pay service tax is governed by Service Tax Rules , 1994 he may be service provider or service receiver or any other person made so liable . It is an indirect tax wherein the service provider collects the tax on services from service receiver and pays the same to government of India . Few services are presently exempt in public interest via Mega Exemption Notification 25 / 2012 - ST as amended up to date and few services are charged service tax at abated rate as per Notification No. 26 / 2012 - ST as amended up to date . Presently from 1 June 2016 , service tax rate has been increased to consolidated rate at 14 % + 0.5 % + 0.5 % = 15 % of value of services provided or to be provided . The service tax rate now is consolidated rate as education cess and secondary higher education cess are subsumed with 2 % of `` Swach Bharat Cess ( 0.50 % ) '' has been notified by the Government . </P>
<P> Service tax was a tax levied by Central Government of India on services provided or agreed to be provided excluding services covered under negative list and considering the Place of Provision of Services Rules , 2012 and collected as per Point of Taxation Rules , 2011 from the person liable to pay service tax . Person liable to pay service tax is governed by Service Tax Rules , 1994 he may be service provider or service receiver or any other person made so liable . It is an indirect tax wherein the service provider collects the tax on services from service receiver and pays the same to government of India . Few services are presently exempt in public interest via Mega Exemption Notification 25 / 2012 - ST as amended up to date and few services are charged service tax at abated rate as per Notification No. 26 / 2012 - ST as amended up to date . Presently from 1 June 2016 , service tax rate has been increased to consolidated rate at 14 % + 0.5 % + 0.5 % = 15 % of value of services provided or to be provided . The service tax rate now is consolidated rate as education cess and secondary higher education cess are subsumed with 2 % of `` Swach Bharat Cess ( 0.50 % ) '' has been notified by the Government . </P>
when did service tax rate change to 15
when did service tax rate change to 15
1 June 2016
1 June 2016