Budget Reactions: Negative list to deepen service tax base, says PwC

The movement of service tax to a 'negative list', where every service will be taxed with limited exemptions is extremely significant, believes PwC.

March 16, 2012 / 17:24 IST

Vivek Mishra

The movement of service tax to a 'negative list', where every service will be taxed with limited exemptions is extremely significant. It could deepen the service tax base and simplify the tax. It would be interesting to see how the sectors would react, that are newly included in the service tax net.

Vivek Mishra, Leader Indirect Tax, PwC India

first published: Mar 16, 2012 05:15 pm

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