- 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%
Share this post on: Facebook or
Email this post to a Friend:
Posts
0 Comments:
Post a Comment