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Budget Reactions: Service tax hike a dampener for infra, says Simplex Infra

The only dampener for the infrastructure sector would be the increase in the service tax from 10–12% & and hike in excise duty to 12%, this negatively affects the growth prospects of the sector and can further result in higher costs for us.

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Simplex Infrastructures Ltd

Budget Reactions: Service tax hike a dampener for infra, says Simplex Infra