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Vide Not 08/2009-ST, DT. 24/02/2009 CBEC has exempted all the taxable services specified in sub-section 105 of section 65 of the Finance Act from so much of service tax leviable there on under section 66 of the Finance Act, as is in excess of the rate of ten per cent of the value of taxable services. In effect the rate of service tax has been lowered from 12% to 10%.
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