TAX is an AXE even otherwise!
[h=3]14% service tax axe to hit your pockets[/h]C ONSUMERS will now have to shell out more for phone bills, eating out and travel as the hike in the service tax rate to 14 per cent comes into effect from Monday. Finance minister Arun Jaitley in his budget had proposed to raise service tax from 12.36 per cent ( including education cess) to 14 per cent. Services that will turn costlier due to high tax rate kicking include, airlines, banking, insurance, advertising, architecture, construction, credit cards, event management and tour operators.
Mail Today
[h=3]14% service tax axe to hit your pockets[/h]C ONSUMERS will now have to shell out more for phone bills, eating out and travel as the hike in the service tax rate to 14 per cent comes into effect from Monday. Finance minister Arun Jaitley in his budget had proposed to raise service tax from 12.36 per cent ( including education cess) to 14 per cent. Services that will turn costlier due to high tax rate kicking include, airlines, banking, insurance, advertising, architecture, construction, credit cards, event management and tour operators.
Mail Today