New Rate of service Tax from 24.02.2009

Effective date of the reduction of the service Tax & Excise Duty
SERVICE TAX REDUCED TO 10 % FROM 12 %
Excise Duty Reduced By 2 % Notification from
New Rate of service Tax from 24.02.2009

Basic rate =10%
education cess =2 % of basic rate
Higher en secondary cess : 1 % of basic rate

total tax rate =10.30% of taxable amount of service.
Applicable Date
Service tax reduction from 12 to 10 and excise duty from 10 to 8 has been done by notifications dated 24.02.2009 so both are applicable from 24.02.2009

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