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Amendment in Service tax in 2009

According to notification New Delhi, the 5th January, 2009
Govt. of India announced through notification that
Service tax exempts on service provided by goods transport agency, referred to in sub-clause (zzp) of clause (105) of section 65 of the Finance Act. See detail here
Educational qualification for ServiceTax Return Preparers.-
From 3rd February, 2009
It is necessary that a person who prepares the return of service tax must be 10+2 under senior secondary education; there is no right to prepare of service tax return below this qualification See detail here .
New Amendment in Service tax rates in Feb. 2009
Rate of service tax is now 10 % on the services mentioned in sub-section 105 of section 65 of the Finance Act from so much of service tax leviable there on under section 66 of the Finance Act, More from this is exempt, see detail here .

According to Times of India news paper Feb 24 2009, Govt. of India has decreased rate of service tax by 2%. Before the announcement, it was 12%, after this announcement it is 10%.

Finance minister Pranab Mukherjee said that main aim of reducing service tax is to provide relief to industry. After this production and consumption of product will increase .This step surely decrease the effect of global crisis on our domestic economy.The Lok Sabh approved this interim budget.

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Accounting Education: Amendment in Service tax in 2009
Amendment in Service tax in 2009
Accounting Education
https://www.svtuition.org/2009/03/amendment-in-service-tax-in-2009.html
https://www.svtuition.org/
https://www.svtuition.org/
https://www.svtuition.org/2009/03/amendment-in-service-tax-in-2009.html
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