Revenue Secretary Hasmukh Adhia reportedly said the services sector could attract a higher tax rate of 18% from the current 15% under GST. The move will reportedly make services “slightly” more expensive. Saying some services which currently have less than 15% tax rate may attract lower rates, Adhia added, however, those exempted at present, like healthcare, education and agriculture, are likely to remain so.
By Vikraman Maniraj | Apr 14, 2017 8:38 PM #ServiceTaxIncrease
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