Multiple choice

What is true about Service Tax as proposed in 2008-09 budget?

  1. It is increased from 8% to 10%

  2. It is increased from 8% to 12%

  3. It is increased from 10% to 12%

  4. No change in tax rate
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The 2008-09 budget kept the service tax rate unchanged at 12% (plus education cess). There was no increase proposed from 8%, 10%, or any other rate - the rate remained stable.

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