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June 1, 1998
COLUMNISTS
ECONOMY
INDUSTRY
FINANCE
ARCHIVES
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12 new service taxes
Finance Minister Yashwant Sinha in his
Budget proposals for 1998-99 today proposed extension of service tax
to 12 new services.
They are architects, interior decorators, management consultants,
chartered accountants, cost accountants, company secretaries,
private security services, real estate agents and real estate
consultants, market research agencies, credit rating agencies,
underwriting agencies and slaughter houses using mechanised means
for large animals.
The service tax on transportation of goods by road, outdoor
caerers and pandal (stage) contractors has bgeen abolised.
These new service taxes are expected to yield Rs 2.2 billion in a
full year.
UNI
Budget '98
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