Effective date for the change in rate of service tax

[RAJESH MISHRA]

Dear Sirs, As per notification no.8/2009-ST dated 24.02.09 rate of service tax had been changed from 12% to 10%. I would like to know exact effective date of new rate i.e. 10%. Whether such new rate of service tax is applicable from 24.02.09 or 25.02.09 or some other date.

AI Summary

Service Tax Rate Reduced from 12% to 10% Effective February 24, 2009, per Notification No. 8/2009-ST. A query was raised regarding the effective date for the change in the service tax rate from 12% to 10% as per notification no. 8/2009-ST dated 24.02.09. Two responses were provided. Both respondents confirmed that the effective date for the new reduced service tax rate was 24th February 2009.