What is Excise & Service Tax ?
What's Diffarance Excise & Service Tax ?

Answer Posted / shiwani vaishnav

Central Government has lieved Excise Duty @14.42% w.e.f 1st
march 2008, earlier it was 16.48%, government has lieved
Excise duty only to those who are in the manufacturing unit
e.g (manufacturing , mining, textiles, any goods which are
to be produced). Service tax is also lieved by Central
Government it is charged @12.36% earlier it was 8% then 10%
and now it is 12% (extra ed cess+ S.H.Ed cess) on providing
service to the customer who is availing the benefit of any
kind of service and payable by the service provider on
every 5th of the month.

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