HomeNews News  Arun Jaitley May Hike Service Tax To 16-18% In Budget Arun Jaitley May Hike Service Tax To 16-18% In Budget

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 Arun Jaitley May Hike Service Tax To 16-18% In Budget

Arun Jaitley May Hike Service Tax To 16-18% In Budget

Monday, January 30, 2017, 9:58 AM

As a precursor to the GST rollout, Arun Jaitley may hike service tax rate to 16-18% from the current 15% in the Budget, due on Wednesday. This would be an attempt to take the rates closer to the proposed tax slabs for GST. The tax slabs decided for the GST are 5, 12, 18 and 28%.
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