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This is to inform you of the Service Tax rate change, effective June 1 2016, per Finance Act, which was approved by the Govt of India on May 14, 2016. As part of this legislation, the effective rate of Service Tax has been increased from 14.5% to 15% on account of levy of Krishi Kalyan Cess (KKC) of 0.5%. Due to this change, Service Tax @ 15% ...
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