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Cut in excise and service tax up to the mark

Created by : Sudhir Shirke, Associate,bulls Research  | 02 25 2009 17:55:49 +0000
Industry : Equity Research/AnalyticsFunctional Area : India(Markets)
Keywords : cut service tax excise
Activity:  263 views;  last activity : 07 06 2010 20:18:09 +0000

Are the announced cut in excise and service tax enough according to the current situation?

  
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The inflation has hit upto the extent that RBI has reduced CRR almost upto 30% but the reduction in tax is only 2% this clearly tells that the money did not reach the customers is again with the govt.
By Karthikeyan P S, Associate, ABN Amro  02 25 2009 17:59:38 +0000
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This much relieve would change the economic situation from my concern. The only 2% cut in excise and service tax would be able to create more liquidity.
By Sudhir Shirke, Associate,bulls Research  | 02 25 2009 17:55:49 +0000
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