Indian budget accelerates the pace towards GST
Mar 21 2012· Given the need for fiscal consolidation the standard rate of Central Excise Duty CED on nonpetroleum products and the service tax rate are increased from 10 to 12 Consequently the merit rate of CED is increased from 5 to 6 and the 1 merit rate of CED imposed in the last budget for the first time on 130 items has also been increased to 2