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Monthly Archives: May 2016

Service Tax Related advance Ruling

The businessman would like to be clear in his mind about various aspects of his venture and risks involved. He would like to get clear verdict about his doubts in respect of taxation matters, before he decides to venture in the new business. Otherwise, he may be exposed to certain unexpected risks which may have serious adverse consequences over his business which may be difficult to overcome later.

Impact of Krishi Kalyan Cess – Service tax


Service tax rate has been proposed to increase from 14.50% to 15% effective from 1st June 2016.It is also clear that till 1.6.2016, service tax shall continue to be levied @ 14.50% comprising of Basic 14.0% and 0.50% as Swach Bharat cess(SBC).

It is proposed to be levied on any or all the taxable services at the rate of 0.5% on the value of such taxable services.

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