Excise News
Negative list won't add much to govt's revenue
A negative list of taxation services, touted as “sound economics and prudent fiscal management” in the Budget speech, may not add significantly to the government’s revenue in 2012-13, thanks to a huge exemption list of 34 categories of services, besides the 17 services proposed in the negative list. Experts say most services with good revenue potential are already taxed, and meeting
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