Govt To Revise Service Tax Rate From June 1, 2015, you will end up paying more for mobile and internet

By May 31st, 2015 AT 6:01 PM

Amidst of a range of brave decisions taken by NDA government during budget announcement, one that shook most was increased rate of service tax. The service tax rate has been revised from 12.36% to 14%, applicable from June 1, 2015.


It simply means that eating at restaurants, paying insurance premiums and phone bills among others will become expensive all over India from June 1 onwards. The extra financial burden that consumers have to bear can be understood with the help of a simple illustration i.e.-

A postpaid customer using 14GB plan on Reliance Pro 3 pays 700 + 12.36% (S.T) currently. The total bill amount comes up to Rs. 786.52 on monthly basis.
From now, the service tax rate will be charged at 14%, which means that the postpaid customer who is currently paying Rs. 786.52, will now end up paying Rs. 798 from June i.e. Rs. 11.48 more than the current bill amount.

Photo courtesy  : DarshanMalu

Bhupendra holds a Post Graduate degree from Christ University. He is an investment banker & trader by profession and a writer by heart.

Leave a Reply

Photo and Image Files
16 Comment threads
10 Thread replies
Most reacted comment
Hottest comment thread
21 Comment authors
BhandarisurajkekaushikShashi Recent comment authors
newest oldest most voted

what is call rate of isd call

sanjit roy
sanjit roy

@Aaptards: free Wi-Fi kam milega pure delhi mein woh bhi high speed wola?? Nehi to common man next time isis ko vote karega. kyuinki isis to tax hi nehi leti . bhai log Somalia is the best country koi tax nehi koi police nehi, fulltu masti and enjoyment with swaaraj. India mein bhi Somalia jaisa swaaraj chahiye so for vote aap.


Tu hi Somaliya chale ja sale

Recent Posts

Xiaomi Retained Top Spot During Q1 2019 With 29% Market Share: Counterpoint

Despite losing its turf in India a little, Chinese smartphone maker Xiaomi retained its top slot in the first quarter...

D2h Aims to Retain Subscribers by Providing Long-Term Plans at Affordable Prices for Deactive Users

It seems that the Direct to Home service provider D2h has been pretty dormant lately. Previously we saw the provider...

Google Assistant Gets the Ability to Read Out Stories on Android, iOS Devices

Google is now allowing Assistant on Android and iOS devices to read out stories in English to people in India,...