W.E.F 1.6.2016, New Service Tax Rate will be 15% as against 14.5% as earlier.
Additional Cess of .5% needs to be shown as KKC (Krishi Kayan Cess) in the Invoice.
CENVAT Credit is allowed of this cess.
This will be applicable to all Register Private Limited Company, LLP Incorporation, Firm Registration, One Person Company Registration. Service Tax has been constantly revised upward by all successive governments which in turn has resulted in increment of prices of necessary items.
All Online Business Registration to keep this factor in mind while making new invoice.
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