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  • GK Paper - 2
  • Which of the following represents the present rate of ser...
Multiple choice

Which of the following represents the present rate of service tax?

  1. 7%

  2. 8%

  3. 9%

  4. 10%

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The service tax rate in India was increased to 10 percent in the 2004-2005 budget. This was a significant step in the expansion of the service tax net.

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