CBEC issued a Circular [183/02/2015-ST dated 10th April, 2015] for clarifying the confusion persisting in the mind of stake holders regarding rate of Service Tax. It has been clarified by CBEC that the new Service Tax rate shall come into effect from a date to be notified by the central government after the enactment of the Finance Bill, 2015. Till then please continue with old rate of Service Tax 12%, Education Cess 2% and Secondary and Higher Education Cess 1%, as applicable presently.
It has also been clarified that effective rate of service tax in case of Restaurant Service will be 4.944% (inclusive of cesses). This will continue to be unchanged till a date which will be notified in due course.
This is for your information.
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