Service Tax Rate goes up to 14.5%

Effective November 15th, 2015, Service Tax rate shall be increased from 14% to 14.5%. This will increase the cost of services such as mobile bills, landline bills, salon services, laundry services & restaurants etc.

So earlier if you paid Rs 14 as service tax on a service worth Rs 100, now you will be paying Rs 14.5 on it.

This increase is called the ‘swachh bharat cess’ and has been done towards improvement of sanitation and other cleanliness projects of the government of India.

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