Is the new Service Tax Rate of 14% inclusive of Education Cess ?

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  1. Nikita Maheshwari

    Nikita Maheshwari New Member

    Is the new Service Tax Rate of 14% inclusive of Education Cess & SHEC?

    Or Education Cess @ 2% and SHEC @1% would be added on 14% which will in turn make it 14.42%?
     
  2. Shishir Nayak

    Shishir Nayak Member

    Service Tax Rate is 14% inclusive of Education Cess & SHEC.
     
  3. Manoj Mehra

    Manoj Mehra Active Member

    Education Cess and SHEC would not be anymore applicable on Service Tax.

    Flat rate of 14% service tax will apply
     
  4. Yes 14% is subsuming of Cess and further as per speech of Finance minister
    2% Cess for Swachh Bharat Abhiyan on all taxable services is to be imposed.
     
    Kajal Maheshwari likes this.
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