Mobile rates, eating out, travelling to be costlier from today

June 01, 2015 08:35

People will have to shell out more from today while using mobiles, eating out and travelling as the service tax rate goes up to 14 per cent.

Finance Minister Arun Jaitley in his Budget had proposed to raise service tax from 12.36 per cent (including education cess) to 14 per cent. The proposal takes effect from June 1.

The tax is levied on all services, except a small negative list.

Some of the key services that will attract higher tax and hence become costlier are: railways, airlines, banking, insurance, advertising, architecture, construction, credit cards, event management and tour operators.

Mobile operators and credit card companies have already started sending messages to subscribers conveying the increase in service tax rate which will have a bearing on the bills.

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