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of <h1>Government Amends Service Tax Rules: 60% Tax on Services, Exemptions for Agricultural Commission Agents Under Finance Act Section 93.</h1> The Central Government, under section 93 of the Finance Act, 1994, has issued amendments to previous service tax notifications. Notification 12/2001 is amended to tax only 60% of the gross amount charged for services. Notification 13/2003 now exempts commission agents dealing with agricultural produce from certain service taxes, and it defines 'commission agent' and 'agricultural produce.' Notification 2/2004 changes the applicable service tax rate from 10% to 40%. These amendments aim to refine the service tax regulations in the public interest.
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