Dear Associates,

CHANGE IN RATE OF SERVICE TAX:

As we are aware Central Government has raised the Service Tax effective percentage from 12.36% to 14.00%. The same will be effective from 1st June 2015.

Thus, this is to clarify that any payments received on and after 1st June 2015 will attract Service Tax at the increased rate. Hence, the new rates as given below would be reflected from the morning of 28th May 2015.

Revised rates as per 1st June 2015:-