 "tax, GST, I-T, income tax")
On road to goods and service tax (GST), Finance Minister Arun Jaitley on Wednesday refrained from making any major changes in the indirect tax regime.
He did not go for the much-expected increase in service tax rate to align with GST. Currently, services are taxed at 14%. After cess, it works out to around 15%.
He said the government would launch an outreach programme with industry from April 1, 2017. Though Jaitley did not give any date for the roll-out of the new regime, M S Mani, senior director, indirect tax, Deloitte Haskins & Sells LLP, said:
He did not go for the much-expected increase in service tax rate to align with GST. Currently, services are taxed at 14%. After cess, it works out to around 15%.
He said the government would launch an outreach programme with industry from April 1, 2017. Though Jaitley did not give any date for the roll-out of the new regime, M S Mani, senior director, indirect tax, Deloitte Haskins & Sells LLP, said:
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