How will increasing the service tax help India?
Dear Jaggu, Increasing in the rate of service tax will not help indian citizen in any way however its burden upon the indian for getting the price hike . The increase in the rate of service tax increased the central govt revenue and also its help to introduce the GST in india. because the rate of GST is too high. if govt not increased the the rate of service tax and excise tax from current year and applicable GST from 01/04/2016 with high rate than the price may get hike and impact the indian citizen badly. so just because of such reason govt increased the rate of service tax and excise tax. Any other query feel free to contact us. Writer CA Chitranjan Agarwal