Budget 2015: Jaitley proposes increase in service tax, education cess
Premium(Pradeep Gaur/Mint)
The service tax rate and education cess to be raised to 14% from the current 12.36%
Premium(Pradeep Gaur/Mint)
New Delhi: Finance minister Arun Jaitley has proposed increasing the service tax rate and education cess to 14% from the current 12.36%, while presenting the government’s full-year budget on Saturday.
Jaitley said the government plans to introduce direct tax regime that is internationally competitive on rates without exemptions.
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