Join us on Whatsapp: +91 7977614821 OR Click here to directly join now!

Monday, February 28, 2011

  • Service tax widened to cover hotel accommodation above Rs.1,000 per day, A/C restaurants serving liquor, some category of hospitals, diagnostic tests
  • Service tax on air travel increased by Rs.50 for domestic travel and Rs.250 for international travel in economy class. On other higher classes, Service tax to be at 10%
  • Standard rate of excise duty held at 10 percent;
  • No change in CENVAT rates
  • Service tax rate unchanged at 10%
  • Iron ore export duty raised to 20 percent
  • Nominal 1% Central Excise Duty on 130 items entering the tax net
  • Basic food and fuel and precious stones, gold and silver jewellery to be exempted
  • Peak rate of customs duty maintained at 10%
  • Basic customs duty on agricultural machinery reduced to 4.5% from 5%


Post a Comment

Indian IPO Blog Feed Subscribers

Enter your email address:

Delivered by FeedBurner

- Disclaimer / Terms of Use
- Privacy Policy

Subscribe via email

Enter your email address:

Delivered by FeedBurner

By visiting or accessing this Blog and any/all of its subdomains, you solemnly declare that you have read, understood and agree to - Disclaimer / Terms of Service
View our - Privacy Policy

Trending IPO News

Blog Archive

Feed Subscribers