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Service tax on lic

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(Querist)
28 September 2013 Service Tax is applicable on LIC from 1st Oct., 2013. But why the rate os Service tax is 3.09% and not 12.36%?
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CA Suresh Jain

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CA Suresh Jain (Expert)
29 September 2013 It is in pursuance to the rule 7A of the Service Tax rules
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Jayshil

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Jayshil (Querist)
30 September 2013 Thank you sir
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CA Suresh Jain

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CA Suresh Jain (Expert)
30 September 2013 for clarification and Premier professional service pl contact group.blr@gmail.com

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