Published 1st June, 2015

Jaitley had proposed to raise the service tax rate to 14 percent to facilitate a smooth transition to the Goods and Services Tax (GST) regime, which the government wants to roll out from April 2016.

Once implemented, GST will subsume service tax, excise and other local levies.

"To facilitate a smooth transition to levy of tax on services by both the Centre and the States, it is proposed to increase the present rate of service tax plus education cesses from 12.36 percent to a consolidated rate of 14 percent," Jaitley had said in Budget speech.

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Negative List Of Service Tax:-
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http://taxclick.org/type/services-tax/negative-list-of-services-under-service-tax-as-amended-up-to-interim-budget-2014
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