Budget 2016 enacted on 14-May – Service Tax Amendments effective from various dates
[By Shaleen Shah (Partner), VNCA] The Union Budget 2016 presented by Hon’ble Finance Minister, Shri Arun Jaitley was passed by both houses of the Parliament and received the Presidential assent and thus stands enacted on 14-May-2016. Service Tax Changes proposed in the Union Budget-2016 are coming into effect