New services to be taxed seen adding Rs 1,200 cr

New services to be taxed seen adding Rs 1,200 cr

 “We are expecting about Rs 1,200 crore on account of new services introduced,” Central Board of Excise and Customs Chairman P C Jha said.

Finance Minister Pranab Mukherjee included some more services within the service tax ambit in the budget.  He extended service tax to be levied on advice, consultancy or technical assistance provided in the field of law and transport of goods through railways coastal cargo or inland waterways.

Mukherjee had said that his indirect tax proposals would yield a net gain of Rs 2,000 crore for the full year.

DH Newsletter Privacy Policy Get top news in your inbox daily
GET IT
Comments (+)