1. Tax net to cover more services

Tax net to cover more services

The government will consider further curtailing the list of services that are outside the tax net and consider increasing tax on services as the...

By: | New Delhi | Published: March 4, 2015 12:31 AM

The government will consider further curtailing the list of services that are outside the tax net and consider increasing tax on services as the country moves to a new tax regime common for both goods and services — the GST, revenue secretary Shaktikanta Das indicated at a post-Budget conference here.

Budget 2015 has proposed increasing service tax from 12.36% to 14%, which itself is below a plausible rate that would be applicable on services under GST and hence experts consider there is scope for further increase.

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