1. What is the new rate of service tax? New rate of service tax is a consolidated rate which is 14%. 2. What is effective date of applicability? New rate is effective from 01.06.2015 3. How to calculate tax? 14% is applied on value of taxable services which are provided on or after 01/06/2015. However services Continue Reading →The post Amendment in Service Tax rate and its implication w.e.f. 01st June, 2015 appeared first on Taxnotion.