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what is present rate for excise duty & service tax for f.y
2009/10?
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Answer Posted / praveen.kp
The rates for the year 2009-10 are as under:
1)Servcice tax 10.3%:
*Ser tax------- 10%
(10% on basic amount of service)
*education cess---2%
(2%on 10% service tax)
*SHE cess---------1%
(1%on 10% of service tax)
2.)Excies duty 8.24%
*Basic excise duty ----8%
(on supply of goods)
*education cess--------2%
(2% on basic duty)
*SHE cess--------------1%
(1%on basic duty)
above are the general rates of service tax & excise..but for
some services and goods the rates are at a
discounted/lower/exempted rate.
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