Wider Service Tax Net May Nip Hard

Wider Service Tax Net May Nip Hard The service tax net is likely to be stretched and more items will be brought under its ambit. Hotel room tariffs, domestic air travel (business class) and the premium on life insurance policies are probable services. While international business class air travel is already being taxed at 12%, the government has been considering levying service tax on business class domestic air travel for some time. Similarly, hotel rooms, booked for guests, may be include

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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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