{"id":180,"date":"2015-07-11T06:53:42","date_gmt":"2015-07-11T06:53:42","guid":{"rendered":"http:\/\/caindelhiindia.com\/blog\/?p=180"},"modified":"2021-07-07T13:24:14","modified_gmt":"2021-07-07T13:24:14","slug":"service-tax-rate-changes-with-effect-from-1st-june-2015","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/service-tax-rate-changes-with-effect-from-1st-june-2015\/","title":{"rendered":"SERVICE TAX RATE CHANGES WITH EFFECT FROM 1st JUNE, 2015"},"content":{"rendered":"

SERVICE TAX RATE<\/span> CHANGES WITH EFFECT FROM <\/span><\/strong>1st JUNE, 2015<\/span><\/strong><\/span><\/h2>\n

The most awaited advancement in the Service Tax regime viz, change in rate of Service Tax is being brought to effect from today i.e. 1st<\/sup>June, 2015. The change was initiated by the Central Government vide\u00a0Notification No. 14\/2015-ST dated 19th May, 2015.<\/em><\/p>\n

Following shall be the fate of transactions in transit which have not been completed in entirety prior to change in rate. The following table specifies the rate of Service Tax to be applicable on transactions according to Rule 4 of Point of Taxation Rules,:<\/p>\n\n\n\n\n\n\n\n\n\n
Sl. No.<\/strong><\/td>\nDate of Completion of Service<\/strong><\/td>\nIssue of Invoice Date<\/strong><\/td>\nReceipt of Payment Date<\/strong><\/td>\nEffective Rate
\nof Service Tax<\/strong><\/td>\n<\/tr>\n
1<\/td>\nBefore 01.06.2015<\/td>\nOn or after 01.06.2015<\/td>\nOn or after 01.06.2015<\/td>\n14%<\/td>\n<\/tr>\n
2<\/td>\nBefore 01.06.2015<\/td>\nOn or after 01.06.2015<\/td>\n12.36%<\/td>\n<\/tr>\n
3<\/td>\nOn or after 01.06.2015<\/td>\nBefore 01.06.2015<\/td>\n12.36%
\n(to the extent advance received)<\/td>\n<\/tr>\n
4<\/td>\nOn or after 01.06.2015<\/td>\nBefore 01.06.2015<\/td>\nOn or after 01.06.2015<\/td>\n14%<\/td>\n<\/tr>\n
5<\/td>\nBefore 01.06.2015<\/td>\nBefore 01.06.2015<\/td>\n12.36%<\/td>\n<\/tr>\n
6<\/td>\nOn or after 01.06.2015<\/td>\nBefore 01.06.2015<\/td>\n14%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Further, in case of reverse charge, rate would be decided according to Rule 7\u00a0of Point of taxation Rules 2011, under which, there may be two cases which are as follows:-<\/p>\n