Service Tax Rate increased to 14% w.e.f. 1st June 2015

President Pranab Mukherjee has given his assent to the Finance Bill, 2015, which was notified on Tuesday. The finance ministry on Tuesday notified increasing service tax from current 12.36% to 14% with effect from 1st June 2015 (Notification No. 14/2015-ST  dated 19th May, 2015). This will make a h...