Service Tax Notification 8/2009-ST

Notification - Service Tax Reduced from 12% to 10%

Reduces Effective Rate of Service Tax from 12% to 10%

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

 

Replies (2)
Sir, From which date the reduction in service tax rate is applicable. From today onwards or any other date..

for services rendered from 0000 hrs 24/2/09.  However,  It is not practical to monitor services rendered after 24th / before 24th.   From a practical point,  I think, we can consider invoices raised from 24th Feb 09 for 10% rate.

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