Govt reduces excise duty, service tax by 2 per cent

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Chartered Accountant
98 Points Posted on 24 February 2009
 

Govt reduces excise duty, service tax by 2 per cent

Giving relief to the industry reeling under the impact of slowdown, the Government 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.
 
News at Indian express Site
 
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On 24 February 2009 at 17:15 Report
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Guest

Posted on 24 February 2009

yaaaaaa, because election is going to be close

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On 24 February 2009 at 17:44
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Director
34 Points Posted on 24 February 2009

Notification available at https://www.allindiantaxes.com/cen-t09-4.php

Excise cut not applicable for Petroleum prodcuts

 

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On 24 February 2009 at 22:11
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Job
680 Points Posted on 01 March 2009

this happened after 15 years

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On 01 March 2009 at 13:13
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Advocate- Tax
7811 Points Posted on 01 March 2009

Service Tax has been reduced for the first time since it was imposed. Excise duty is falling continuously for last 10 years; 18 to 16 to 14 to 10 to 8.

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On 01 March 2009 at 21:15

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