‘All Ser­vices by Govt to Busi­nesses to At­tract Tax’

The Economic Times - - Companies -

The rev­enue de­part­ment said all ser­vices pro­vided by govern­ment or a lo­cal au­thor­ity to a busi­ness en­tity will at­tract ser­vice tax from April 2016. How­ever, ser­vices pro­vided by govern­ment or a lo­cal au­thor­ity to busi­ness en­ti­ties up to a turnover of .₹ 10 lakh in the pre­ced­ing fi­nan­cial year will be ex­empted.

NEW DELHI

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.