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    <description>Restoration of the service tax rate to 12% was effected by Notification No. 2/2012 dated 17-03-2012, rescinding Notification No. 8/2009 that had reduced the rate to 10%, and thereby reinstating the statutory rate of 12%. The notification-based withdrawal of the exemption made the revised rate effective from 01-04-2012, so the restored rate applies from that effective date.</description>
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