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GST

Centre mulls hike in service tax rate if GST rollout is delayed

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[Source: www.thehindubusinessline.com]

The Centre could consider increasing the service tax rate in the coming Budget as a fallback option in case the rollout of the Goods and Services Tax (GST) is delayed beyond April 1.

“There is some thinking of an increase in the service tax rate in case the GST is not implemented from April. A higher rate will help improve revenue and also bring it closer to the proposed standard rate under GST,

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