PUBLIC DEBATE ON NEGATIVE LIST FOR TAX ON SERVICES INITIATED

Posted: 08 May 2011 09:07 PM PDT

The Finance Ministry on Friday sought to initiate a public debate on the issue of evolving a small negative list for tax on services, as was announced by Finance Minister Pranab Mukherjee in the course of his speech while presenting the budget for the current fiscal. The net impact of a negative list would mean that barring those services contained in the list after detailed deliberation,...

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