An increase in service tax from an already very high 12+% adversely and significantly affects small to medium businesses whose cost of marketing and service procurement increases dramatically. Most SMBs are not sophisticated enough to make full use of service tax credit so an increase in service tax only increases their cost of doing business. We hope the Government keeps the SMBs, the biggest and most powerful generators of economic growth and employment, in mind before taking any steps in increasing service tax.
© Technuter.com News Service
Pre-Budget expectation 2015-16 by Mr. Satya Prabhakar, Founder and CEO of Sulekha.com
Related Posts :
IoT security requirements will reshape and expand over half of global enterprise IT security programs by 2020: GartnerSTAMFORD, Conn., May 2, 2014: The power of objects in the Internet of Things (IoT) to cha… - Canon achieves a world's first as production of EF interchangeable lenses surpasses 100 million markTOKYO, Japan, April 30, 2014: Canon Inc. has celebrated an impressive lens-manufacturing …
- Broadcom reports first quarter 2014 resultsIRVINE, Calif., April 24, 2014: Broadcom Corporation, a global innovation player in semic…
- First U.S.-based Microsoft Innovation Center to debut in MiamiMIAMI — May 2, 2014: Microsoft Corp. announced Friday its plans to open the first U.S.-b…
- Canon contributes to international standardization of HEVC range extensionsTOKYO, May 1, 2014: Canon Inc. announced that the Company, through its technological cap…
Subscribe by Email
Follow Updates Articles from This Blog via Email
No Comments