PLI Directorate decied to increase the service tax on PLI with effect
from 01.06.2015. The rates of Service Tax got upward revision as under
vide Government of India, Ministry of Finance, Department of Revenue
Notification NO 5/2015-Service tax ct. 01-03-2015.
- Revised ST For First year Premium is 3.50% (from 3.09%)
- Revised ST for Renewal Premium is 1.75% (from 1.545%)
There will be no Cess on Service Tax
The revised rates of ST shall be applicable w.e.f 01.06.2015 as per
Government of India, Ministry of Finance , Department of Revenue
Notification No 15/2015- Service tax dt. 19.05.2015
The order issued by PLI Directorate regarding this subject is given below for reference.
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