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April 2009

Reduction in Service Tax rate to 10% plus education cess. Notification No. 08/2009-Service Tax, dated 24-2-2009

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Nimesh Dedhia, Vijay Kewalramani
Chartered Accountants
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9 Reduction in Service Tax rate to 10% plus education
cess. Notification No. 08/2009-Service Tax, dated 24-2-2009 :

Service Tax rate has been reduced from 12% to 10%

w.e.f. 24-2-2009, so that the effective rate will be
10.3%. There is no change in works contract composition rate.

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