Current Rates Chart after Amendment..

Rates from the beginning are as follows.

Period	Basic Rate	EC	SHEC	SBC	KKC	Total
01-07-1994 to 13-05-2003	5%	-	-			5%
14-05-2003 to 09-09-2004	8%	-	-			8%
10-09-2004 to 17-04-2006	10%	2%	-			10.20%
18-04-2006 to 10-05-2007	12%	2%	-			12.24%
11-05-2007 to 23-02-2009	12%	2%	1%			12.36%
24-02-2009 to 31-03-2012	10%	2%	1%			10.30%
01-04-2012 to 31-5-2015	12%	2%	1%			12.36%
From 1-6-2015 (No SBC up to 14 Nov. 15)	14%					14%
From 15 Nov. 15 (Addl. SBC levy)	14%			0.5%		14.5%
From 1 June’16 (Addl. KKC) till date.	14%			0.5%	0.5%	15%

EC : Education Cess

SHEC : Secondery & Higher Education Cess.

SBC : Swatch Bharat Cess (Not eligible for Credit & setoff against output liability)

KKC : Krishi Kalyan Cess (Not eligible for Credit & setoff against output liability)

Blog 11 : Change in Rate of Tax

With effect from 1st June 2015, the service tax rate is increased to 14%

Please refer below table for easy understanding of how much tax to be chared on service.

Assumed that the invoice is issued in time

Service provided till 30th May 2015.	When Tax is 12.36%	When Tax is 14%	Rate	POT
	Service Completed	Invoice Issued & Payment Received	14%	Dt. of Invoice      OR Dt. of Payment received Whichever is earlier
	Service Completed & Invoice Issued	Payment Received	12.36%	Date of Invoice Issued
	Service Completed & Payment Received	Invoice Issued	12.36%	Date of Payment received
Service provided from  1st June 2015.	When Tax is 12.36%	When Tax is 14%	Rate	POT
	Invoice Issued & Payment Received	Service Completed	12.36%	Dt. of Invoice      OR Dt. of Payment received Whichever is earlier
	Payment Received	Service Completed & Invoice Issued	14%	Date of Invoice Issued
	Invoice Issued	Service Completed & Payment Received	14%	Date of Payment received