How will increasing the service tax help India?

Open uri20170510 32134 7ezpi6?1494421819 jaggu asked almost 4 years ago

How will increasing the service tax help India?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CHITRANJAN AGARWAL answered almost 4 years ago

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

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