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June 1, 1998

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12 new service taxes

Send this story to a friend 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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