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Union Budget 2016 Changes in Indirect Tax - Service Tax & Excise

Budget - By: - Bimal jain - Dated:- 5-3-2016 Last Replied Date:- 30-12-1899 - Dear Professional colleague, The Hon ble Finance Minister Shri Arun Jaitley announced a host of changes in the Indirect tax structure in the Union Budget 2016-17 on February 29, 2016, that are expected to impact the Trade and Industry. Under Service tax, on one hand, the effective rate of Service tax would go up to 15% w.e.f June 1, 2016 with the introduction of Krishi Kalyan Cess at 0.5% on the value of all taxable se .....

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