SERVICE TAX REDUCTION NOTIFICATION

SECTION 93 OF THE FINANCE ACT, 1994 – POWER TO GRANT EXEMPTION FROM SERVICE TAX – REDUCTION OF RATE OF SERVICE TAX ON TAXABLE SERVICES AS SPECIFIED IN SECTION 65(105) NOTIFICATION NO. 8 /2009, - SERVICE TAX, DATED 24-2-2009 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)]