Dear ADDA Treasurers,
If you are in a hurry here is the summary : You need not do anything – we have automatically rolled out the new tax rates in your ADDA.
Here is our blog post about the New Service Tax Changes in effect from June 01, 2015. [ Read here ]
We have upgraded ADDA automatically to reflect the New Service Tax rate of 14%.
But you might wonder, what happens when you post invoices before 01-June-2015?
ADDA will automatically apply the old rate of 12.36% for all invoices posted before 01-June-2015.
Like we said before – you really need not do anything.
ADDA Accounting Automation Department