New rate of service tax of 14% shall come into effect from 01.06.2015 and education cess & secondary higher education cess has been removed with effect from 01.06.2015.
However, Swachh Bharat Cess is yet to be notified.The government had put an enabling provision in the Service Tax Act to empower the Centre to impose this cess on all or certain taxable services at a rate of 2 per cent. The proceeds from this will be used for Swachh Bharat initiatives.
New Abated Rates of Service Tax are as follows.
