Indirect Tax Proposals to Maximize Benefits to the Economy

Last updated: 28 February 2015

The Finance Minister Shri Arun Jaitley while presenting the Budget announced in the Lok Sabha steps to broaden the Tax Base that will maximize benefits to the economy. The Service Tax rate is being increased from 12% plus Education Cesses to 14%. The new service tax rate shall subsume the Education Cess and Secondary and Higher Education Cess. Additionally the Service Tax Negative List has been reviewed to include Service Tax to be levied on the service provided by way of access to amusem
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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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