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Excise Duty & Service tax Cut once again

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Nagari Sultanpur U.P.Delhi
15539 Points Posted on 24 February 2009

Today Finance minister propose cut Excise duty 10% to 8%

& service tax also cut its breaking news The Economic times

wait for notification

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On 24 February 2009 at 15:59 Report
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Nagari Sultanpur U.P.Delhi
15539 Points Posted on 24 February 2009

Government today reduced by two per cent rates of excise duty

 
and service tax.

While the general excise duty has been reduced from 10 per cent to 8 per cent, the rate of service tax cut from 12 per cent to 10 per cent.

Four per cent excise cut announced earlier in the stimulus package in December will continue beyond March 31, Finance Minister Pranab Mukherjee said while winding up the debate on the Interim Budget in the Lok Sabha today.

The Lok Sabha later approved the Interim Budget by voice vote, amidst a walkout by the Opposition BJP and erstwhile supporters Left parties.

Mukherjee further said that duty on bulk cement has been reduced from 10 per cent to 8 per cent.

53 Reply
On 24 February 2009 at 16:05
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service
204 Points Posted on 24 February 2009

what will be effective date for above reduction

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On 24 February 2009 at 16:33
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Nagari Sultanpur U.P.Delhi
15539 Points Posted on 24 February 2009

we are waiting for notification kindly wait.

53 Reply
On 24 February 2009 at 16:52
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Student
3406 Points Posted on 24 February 2009

thats good news waiting for official notificaTION

3 Reply
On 24 February 2009 at 16:53
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C.A.Final (New) ICWAI FINAL (New)
11269 Points Posted on 24 February 2009
its a good news wat is the efective date
130 Reply
On 24 February 2009 at 16:58
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Director
34 Points Posted on 24 February 2009

Most probally - effective tonight

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On 24 February 2009 at 22:12


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