Finance Act, 2015

Finance bill, 2015 has received the pres­i­den­tial assent on 14th May 2015 and has now become Finance Act, 2015. All the pro­vi­sions which were due to be effec­tive from the date the Finance Bill receives the assent of the Pres­i­dent have now been imple­ment­ed w.e.f. 14th May 2015.

Down­load Finance Act 2015

It is worth­while to men­tion that the fol­low­ing pro­vi­sions would be applic­a­ble from the date yet to be Noti­fied and have NOT BEEN imple­ment­ed yet:

  • Impo­si­tion of Swachh Bharat Cess @ 2% on the val­ue of tax­able services.
  • Levy of Ser­vice Tax on ser­vices pro­vid­ed by the Gov­ern­ment or local author­i­ty to a busi­ness enti­ty, except the ser­vices that are specif­i­cal­ly exempt­ed, or cov­ered in the Neg­a­tive List.

These changes would be made effec­tive vide sep­a­rate Notifications.

Down­load Finance Act 2015

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