Now a new negative list of services regime has been introduced. All services except those in negative list are taxable @ 12% (rate effective from first April)

This will enhance tax liability of all products and services. Manufacturing companies and traders utilize many services all of which will go to enhance cost. This will increase inflation.

http://www.thehindu.com/business/Economy/article3589492.ece

G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/

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Who will be our next P.M. after 2019 election?

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