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Saturday, May 09, 2015

Rajya Sabha clears the Finance Bill, 2015 as approved by Lok Sabha

Dear All,



Union Budget, 2015 was presented by the Hon'ble Finance Minister Mr. Arun Jaitley on February 28, 2015. On April 30, 2015, the Lok Sabha passed the Finance Bill, 2015 with certain amendments.

After being passed by the lower house of Parliament, the Rajya Sabha on Thursday, May 7, 2015 has passed the Finance Bill, 2015 already passed by the Lok Sabha, thus completing the budgetary exercise for the fiscal year.

Please note that Service Tax rate increase will effective after enactment of Finance Bill 2015 and after issuance of Notification in this regard 

Amendment in Finance bill 2015

Courtesy @ simpletaxindia.net