Service Tax - Banking awareness questions on current affairs

1)   What is the new rate of Service Tax as per Budget 2015-16?

a. 13%
b. 14%
c. 13.5%
d. 14.5%
Answer  Explanation 

ANSWER: 14%

Explanation:
Finance Minister Arun Jaitley made a very crucial decision of increasing service tax from 12.36% to 14%.

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