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of <h1>India Raises Service Tax Rate to 12% Effective April 1, 2012; Previous Notification Rescinded by Finance Ministry</h1> The Government of India, through the Ministry of Finance, rescinds Notification No. 8/2009 ST dated February 24, 2009, which set a previous rate for service tax. Effective April 1, 2012, the service tax rate will be 12%. This decision, made under the authority of the Finance Act, 1994, is deemed necessary in the public interest. The rescission does not affect actions taken or omitted under the previous notification prior to this change.
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