The rate of Service Tax is being increased from 12.36% to 14%. The new Service Tax rate shall come into effect from a date to be notified by the Central Government after the enactment of the Finance Bill, 2015. On 14th May 2015, the Finance Bill got the assent of …
Read More »Budget highlights Penal interest beats the off-market rates
Penal Interest – Are you a service tax payer? Is there any delay in payment of taxes to the Government? If so, there is real bad news. The Government, through this budget has increased the penal interest applicable from 1st Oct 2014 If the delay is up to 6 months …
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