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Friday, May 29, 2015

REVISION OF SERVICE TAX RATE FROM 01.06.2015

As intimated by CEPT, Mysore to implement the changes in the software on the basis of the tax revision, it will take at least 10 days to CEPT to modify the software.   After development is completed, it is to be tested before release.
Separate suitable instructions are to be issued separately by the Circles to implement the revised tax structure.  The collection of service tax at revised rates is likely to be effected manually till implementation of changes in the software.

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