With introduction of Krishi Kalyan Cess at 0.5 % w . e . f June 1, 2016, effective rate of Service tax would eventually go up to 15 %, which was earlier increased to 14 % ( with subsumation of Education Cess and Secondary and Higher Education Cess ) from 12.36 % w . e . f June 1, 2015 and Swachh Bharat Cess at 0.5 % on value of all taxable services imposed w . e . f November 15, 2015.
2.
With introduction of Krishi Kalyan Cess at 0.5 % w . e . f June 1, 2016, effective rate of Service tax would eventually go up to 15 %, which was earlier increased to 14 % ( with subsumation of Education Cess and Secondary and Higher Education Cess ) from 12.36 % w . e . f June 1, 2015 and Swachh Bharat Cess at 0.5 % on value of all taxable services imposed w . e . f November 15, 2015.
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