NATION

All you need to know about Service Tax

Today is the day that the Narendra Modi government is going to bring Achche din as for consumers and online businesses as a series of proposals in the Union Budget 2015-16 will come into force from today .

That will include 0.5 percent in agriculture process all services and a levy of 6 percent compensation in cross-border digital transactions.

Service-Tex (1)

taxes

With the imposition of Cess Kalyan Krishi (KKC), the overall incidence of service rate will increase to 15 percent, thus eating out, telephone use, air and rail transport will become expensive.

Last month, IAMAI had said this quote in advertising revenues online foreign companies would “seriously increase the cost of doing business” of new technology companies in India.

Have a news story, an interesting write-up or simply a suggestion? Write to us at
info@oneworldnews.in

Show More
Back to top button
Hey, wait!

Looking for Hatke Videos, Stories, Impactful Women Stories, balanced opinions and information that matter, subscribe to our Newsletter and get notified of best stories on the internet