Thoughts, questions , ideas
Tuesday, February 24, 2009
Service Tax back at 10%
Image : taken from The Hindu
Good Sense prevailed or let be an Election Sweetner.
Service Tax has been reduced to 10%. Thats Good News.
You might wonder whats the Big deal about a puny cut of 1.8% ( effective ).
It isn't all that small. For instance on a 1 Lakh bill the service tax will work out to 1800/=(equal to one months mobile bill).
As an aftermath to this announcement S&P is considering to lower
India's Credit rating to Junk
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