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India Introduces Service Tax Negative List: Only Listed Services Exempt, Aiming to Broaden Tax Base and Simplify Compliance.

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....India has implemented a service tax negative list, meaning only the services explicitly listed will be exempt from taxation. This change is designed to broaden the tax base and simplify compliance for businesses. By shifting to this system, the government aims to streamline the tax process and increase revenue by taxing all services not specifically exempted.....

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