History of service tax in India

Jul 18, 2016 | Personal taxation in India | 0 comments

All the service tax rates since the dawn of time are mentioned here. Note that if you think the current service tax at 15% is high, what will you do when GST between 18 – 22% rolls in. Soon. Soon. Legen… wait for it… dary.

  1. 01/07/1994 – 13/05/2003: 5%
  2. 14/05/2003 – 09/09/2004: 8%
  3. 10/09/2004 – 17/04/2006: 10.20%
  4. 18/04/2006 – 10/05/2007: 12.24%
  5. 11/05/2007 – 23/02/2009: 12.36%
  6. 24/02/2009 – 31/03/2012: 10.30%
  7. 01/04/2012 – 30/05/2015: 12.36%
  8. 01/06/2015 – 14/11/2015: 14%
  9. 15/11/15 – 31/05/16: 14.5%
  10. 1/06/16 – Now: 15%

Do read Laying to rest taxation at Indian restaurants to know how to apply above service tax rates when paying at restaurants and not be fleeced.

 

What was there before 1994 you ask?

Shoonya. As per Indian mythology, if it wasnt there, then it didnt exist. We invented it. Yo.