Budget 2017-18 highlights: Read all the headline news of Budget 2017-18 in Gujarati for Free - NEW DELHI: Finance Minister Arun Jaitley may hike service tax
rate to 16-18 per cent from the current 15 per cent in the Budget 2017,
due today, as a precursor to the Goods and Services Tax (GST) roll out.
The move, that will make flying, eating out, phone bills and a host of other services expensive, would be an attempt to take the rates closer to the proposed tax slabs for GST.
GST, which will subsume central and state levies like excise duty, service tax and VAT, is scheduled to be rolled out from July 1.
The tax slabs decided for the GST are 5, 12, 18 and 28 per cent and taking service tax closer to one of the slabs is a logical move in the Budget, tax experts said.
The move, that will make flying, eating out, phone bills and a host of other services expensive, would be an attempt to take the rates closer to the proposed tax slabs for GST.
GST, which will subsume central and state levies like excise duty, service tax and VAT, is scheduled to be rolled out from July 1.
The tax slabs decided for the GST are 5, 12, 18 and 28 per cent and taking service tax closer to one of the slabs is a logical move in the Budget, tax experts said.
Union Budget 2017-18, News and Updates
Read The all News of Budget 2017-18 in Gujarati By Clicking Below links:Union Budget 2017: New AIIMS for Gujarat - Tv9 Gujarati
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