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EXam query

Udhins (Chartered Accountant) (113 Points)

26 October 2009

There was a post that service tax rates have changed to 10% in feb 2009 is it applicable for exam in this november?

Actually has it been really changed to10% is it true?

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8 Replies

Pravin Sharma (CA) (50 Points)
Replied 26 October 2009

Yes this news is currect

my friend plz see the icai site

Pravin Sharma (CA) (50 Points)
Replied 26 October 2009

yes it is applicable for november 2009

Deeps (Article Assisstant) (2485 Points)
Replied 26 October 2009

Announcement regarding service tax for November, 2009 Examinations - (15-10-2009)

Rate of service tax reduced from 12% to 10%

In addition to the Notifications and Circulars given in the Appendix to the RTPs for November, 2009, students may note that rate of service tax has been reduced from 12% to 10% with effect from 24.02.2009 vide Notification No. 8/2009-S.T. dated 24-2-2009. The said notification is relevant for the following mentioned papers in November, 2009 examinations:-

Part –II : Service tax and VAT of Paper 5 : Taxation of Professional Competence Examination
Part –II : Service tax and VAT of Paper 4 : Taxation of Integrated Professional Competence Examination
Paper 8 : Indirect taxes/ Paper 8 : Indirect Tax Laws of Final Existing/New Examination