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TMI BlogCentral Excise Duty ?.......X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Officer, In need a clarification regarding what is centra excise duty and why reason this high % rate in excise duty and also please confirm what is diffrent between other VAT and serices tax Regards Singh D - Reply By pradeep khatri - The Reply = Dear Deepak, Central Excise Duty is a tax on manufacturing of goods. The whole gamut started in 1944 when the British Ruler had taxe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d the Salt........ and there was agitation by our Father of Nation 'Mr. Gandhi... Earlier Central excise duty was governed by Central Excise and Salt Act, 1944. But the word 'salt' was removed by the India Government. Earlier the rate of C.E Duty used to be more than 70-80% which subsequently reduced to peak tax @ 10%. I don't think that we are paying a high rate of duty in comparison with ear ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lier period. VAT is value Added Tax and it is levied on the value addition of the goods during it's sales. The VAT has replaced the Sales Tax. It is also known as consumption tax and helped to remove the cascading affect of the tax paid at earlier stage of value addition. Haryana was the first state in India to implement it in year 2003. Soon GST will replace Excise, VAT and Service Tax. Se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rvice tax is levied on the taxable services. Generally Service provider is liable to pay service tax duly collected from service receiver. But there is 3-4 scenario under which service recepient is deemed to be service provider and liable to pay the service tax. Currently rate of service tax is 10% and Edn Cess @ 2% + SHE Cess is @ 1% . Hope this will clarify your query. Further, through this ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... platform, raise more querries. It will enrich your knowledge. Best of luck and God bless you! Regards Pradeep Khatri - Central Excise Duty ?....... - Query Started By: - Deepak Singh Dated:- 16-5-2011 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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