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