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Service Providers be ready to fulfill the Dream of Modi s Swachh Bharat

Service Providers be ready to fulfill the Dream of Modi’s ‘Swachh Bharat’ - Service Tax - By: - Pradeep Jain - Dated:- 2-3-2015 Last Replied Date:- 30-12-1899 - It is a regular practice of the government to follow tactics that are illusive and misleading. One of the tricks adopted by the government while increasing the rate of service tax is that during the Budget Speech, the Hon ble Finance Minister announced increase in rate of service tax from 12.36% (inclusive of Education Cess and SHE Cess) .....

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The Finance Minister has announced Budget on 28th of February, 2015, wherein a new chapter VI has been inserted in the Finance bill that contains a new levy of cess called the Swachh Bharat Cess . This chapter empowers the government to impose Cess on all the taxable services at the rate of 2% of the value of taxable services. This cess shall be levied from such date as may be notified by the Central Government after the enactment of the Finance Bill, 2015. It is worth observing that the Governm .....

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