Service tax to get more costly from November 15th

Q.  Service tax has become more expensive from November 15 as the government has imposed a ____ Swachh Bharat cess.
- Published on 09 Nov 15

a. 0.4%
b. 0.5%
c. 0.6%
d. 0.7%

ANSWER: 0.5%
 
Activities that attract service tax will become more expensive from November 15 as a 0.5% Swachh Bharat cess has been imposed by the centre. Levy has been announced in the Budget for meeting goals of the sanitation and cleanliness drive announced for the nation. In the last budget, service tax rate was increased from 12% to 14%.

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