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FM widens service tax net; hikes rates to 12 per cent.

Publication: PTI - The Press Trust of India Ltd.

Publication Date: 28-FEB-06
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COPYRIGHT 2006 Asia Pulse Pty Ltd

FM widens service tax net; hikes rates to 12 per cent

New Delhi, Feb 28 (PTI) Having noted that service sector contributed as much as 54 per cent of the GDP, Finance Minister P Chidambaram today proposed to raise service tax rate from 10 to 12 per cent and...

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