Rate of service tax reduced from 12% to 10% ICAI

Notice Date : 15 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