Service Tax Update
1. The Rate of Service Tax has increased to 15% with effect from 1st June 2016.
2. Government has notified levy of Krishi Kalyan Cess (KKC) at the rate of 0.5% on all taxable services. Effectively, the rate of KKC would be 0.5% and new rate of service tax plus SBC plus KKC would be 15%
3. We will charge the Enhanced Service Tax from 1st June 2016. If any client has paid the amount before 1st June 2016 but he has not taken the Activation Code and we have not issued the Invoice before 1st June 2016 then he has to pay differential amount.
4. Now the Software Rates will be changed due to Change in Service Tax Rate. It will impact on VAT/CST also. So please check the amount to be deposited on website first after that proceeds for payment.