Service Tax increase from 14.5% to 15% w.e.f 01/06/2016
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Saturday, 21st May, 2016
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10:00am
Dear Resellers / Customers,
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% (including Swachh Bharat Cess and Krishi Kalyan Cess) will be applicable for all customers of Hostmalabar Hosting Solutions . This will affect all invoices dated/paid on or after June 1, 2016 for services provided by Hostmalabar Hosting Solutions.
Regards,
Billing Team.
Hostmalabar Hosting Solutions.
