While announcing the Measures for stimulating the Economy, central government failed to do justice with the Service Providers

While announcing the Measures for stimulating the Economy, central government failed to do justice with the Service Providers https://www.taxtmi.com/news?id=681 Central fiscal measures cut peak excise duty while leaving the service tax rate unchanged, creating a disparity where excise on goods is lower than tax on services; this note criticises the inconsistency, stresses the disproportionate burden on the service sector and its pass-through to consumers, and highlights unequal treatment of packaged versus customized software that results from differing excise and service tax rates. en-us Sun, 07 Dec 2008 23:52:38 +0530 Mon, 08 Dec 2008 00:48:00 +0530 TaxTMI RSS Generator While announcing the Measures for stimulating the Economy, central government failed to do justice with the Service Providers https://www.taxtmi.com/news?id=681 Central fiscal measures cut peak excise duty while leaving the service tax rate unchanged, creating a disparity where excise on goods is lower than tax on services; this note criticises the inconsistency, stresses the disproportionate burden on the service sector and its pass-through to consumers, and highlights unequal treatment of packaged versus customized software that results from differing excise and service tax rates. News - Sun, 07 Dec 2008 23:52:38 +0530 https://www.taxtmi.com/news?id=681