New Service Tax for Membership fee
Warm greetings from SAEINDIA!
In the recent budget announcement by finance minister of India, service tax has been revised from 12.36% to 14% which comes into effect form 01-06-2015.
Kindly ensure membership subscription is paid taking into account the revised service tax at 14% on the base rates which remain unchanged (Rs 1400 for those above 28 years and 1100for all faculty advisor and members below 28 years)
Student membership rates continues to be same with service tax component increased to 14% with effect form 01-06-2015
Thanks for your understanding and co-operation,