'Service -Tax' to rope many traders and professionals

Service tax is a comparatively new concept and is said to be the tax of the future. For this reason, several service sectors seem to be experiencing future shock. A number of traders and professionals are uneasy with this new head to extract revenue introduced in the nineties by the present Prime Minister when he was finance minister. Transporters, clearing agents and even marriage hall owners and caterers have unsuccessfully challenged the new levy up to the Supreme Court. The latest of the ass

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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