<h1>Service Tax Update: Works Contracts Rate Up to 4%, Small Provider Exemption Limit Raised, New Hotel Tax Exemption.</h1> The service tax changes effective from March 1, 2008, include an increase in the composition rate for works contracts from 2% to 4%. The exemption limit for small service providers rises from 8 lakh to 10 lakh, effective April 1, 2008. Registration changes for special categories and exemptions are implemented. A new notification replaces a previous one, providing a 75% exemption for GTA services. Additionally, hotels in India are exempt from service tax on services related to accommodation bookings received from foreign entities, as per notification no. 14/2008.