Tuesday, 20 March 2012

Rescinds Notification No. 8/2009 –Service Tax dated 24.02.2009 – Effective rate of 10% withdrawn from 01.04.2012 – Making the effective and tariff rate 12%

Rate of service tax – Rescission of Notification No. 8/2009-ST, dated 24-2-2009
Notification No.2/2012 – ST, dated 17-3-2012
In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 8/2009 – Service Tax, dated the 24th February, 2009, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 120 (E), dated the 24th February, 2009, except as respects things done or omitted to be done before such rescission.
2. This notification shall come into force on the 1st day of April,

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