Budget 2012: Service tax, excise duty raised to 12%

Saturday, March 17th, 2012
Pranab Mukarji

New Delhi : Telephone use, eat-outs and other activities will cost more as Finance Minister Pranab Mukherjee today proposed increasing the service tax rate to 12 per cent from 10 per cent and introducing a negative list aimed at bringing more services under the tax net. “I propose to raise the service tax rate from […]