2011-2012 Budget Expands Service Tax Scope, Adjusts Rates, and Modifies Exemptions to Boost Revenue and Improve Compliance.

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....The 2011-2012 budget includes significant changes to the service tax framework aimed at increasing revenue and enhancing compliance. It broadens the scope of services subject to taxation, adjusts the applicable tax rates, and modifies existing exemptions. These amendments are designed to streamline the tax system and ensure better adherence to tax regulations.....