Rate of service tax reduced from 12% to 10%
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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
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CAclubindia
Amit Ingale
Published in Studentson 17 October 2009
Source : http://icai.org, http://icai.org/post.html?post_id=5073&c_id=219