Reduction in Effective Rate of Service Tax from 12% to 10%

Posted on February 25, 2009 by Mukesh Goel

NOTIFICATION NO. 8/2009-ST

Dated: February 24, 2009

In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts all the taxable services specified in sub-section 105 of section 65 of the Finance Act from so much of service tax leviable there on under section 66 of the Finance Act, as is in excess of the rate of ten per cent of the value of taxable services.

F. No. 354/210/2008-TRU (part)

(Unmesh Sharad Wagh)

Under Secretary to the Government of India

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13 Responses to Reduction in Effective Rate of Service Tax from 12% to 10%

  1. CAJIGARSHAH says:
    February 25, 2009 at 12:26 pm

    DEAR SIR
    PLEASE GUIDE ME EFFECTIVE DATE OF REDUCING SERVICETAX RATE AND EXCISE RATE……….
    I M WAITING YOUR R EPLY

    THANKS

    CA.JIGAR SHAH

  2. Shilbhadra Neogi says:
    February 25, 2009 at 6:06 pm

    What is the effective date for change of service tax from 12% to 10% ?

    There are confusions about how vendors will charge service tax in their bills for the month of February’09.

  3. sumit says:
    March 12, 2009 at 11:21 am

    Sir if the telephone bills are raised for the month of February and the bill date is after 24.02.08, kindly specify the rate to be charged.

  4. M Srijesh Kumar says:
    March 23, 2009 at 12:01 pm

    We are in Construction co. and working under WCT and was charging 4.12% of service tax along with 5% WCT.

    Now, kindly guide us in which rate of service tax we will charge along-with 5% WCT.

  5. manjunath says:
    April 2, 2009 at 12:30 pm

    we are travel agents and new rate of service tax 10.30% is applicable to us. and what is the meaning of earnings on commission and earnings on basic fare.

  6. tarun kr.gupta says:
    May 23, 2009 at 3:41 pm

    these artical is very helpful for understanding the service tax provisions.

  7. A.anuradha says:
    July 9, 2009 at 5:49 pm

    what is the current rate of service tax it is 10 or 10.30%

  8. namita gaur says:
    July 17, 2009 at 10:43 am

    the current rate of service tax is 10.3%

  9. MOHD YUSUF says:
    August 1, 2009 at 12:08 pm

    please tell me the effective date of changing the rate of service tax from 12.36 to 10.36,as fast as u can.please……………..

  10. AWADHESH GUPTA says:
    December 5, 2009 at 11:04 am

    please tell me the latest service tax,educational cess & h.e.c. rate & what is the effective date

  11. Md.Iliyas khan says:
    April 15, 2010 at 10:54 am

    Sir,

    I am working in a construction co. i know about new slab rate of tds, service tax,Wct, & DVat.

    thaking you

  12. Mr.Keshav Chalake says:
    July 13, 2010 at 4:40 pm

    What is the rate of service tax rate for Building under construction.

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