Govt reduces excise duty, service tax by 2 percent

Last updated: 24 February 2009

Government today reduced rates of excise duty and Service tax by two per cent. 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. Duty on bulk cement has been reduced from 10 per cent to 8 per cent. Update : Excise duty notification Service tax notification
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Praveen Sharma

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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