Budget 2017: FM may hike service tax from 15% to close gap with 18% GST rate
A higher service tax will prevent a greater price shock after GST kicks-in from July 1, 2017; it will also help the Centre partially offset the revenue loss from foregoing exclusive rights over service tax that accounts for 14% of total central revenues currently
Read more at: http://www.moneycontrol.com/news/ec...-gst-rate_8282581.html?utm_source=ref_article
A higher service tax will prevent a greater price shock after GST kicks-in from July 1, 2017; it will also help the Centre partially offset the revenue loss from foregoing exclusive rights over service tax that accounts for 14% of total central revenues currently
Read more at: http://www.moneycontrol.com/news/ec...-gst-rate_8282581.html?utm_source=ref_article
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