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More taxes - God help us.

Posted by Karthik, February 08 2012 at 10:10
The government is likely to bring more services in the tax net to raise revenues and may introduce a negative list in the forthcoming budget for FY 2012-13. It is expected to keep 22 services in the negative list and impose 10 per cent tax on the rest. At present, the tax is levied on 119 services. For the current fiscal, the central government hopes to mop up Rs 82,000 crore from this levy.
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