Sheila Sangwan, IRS, Member (Service Tax)

http://www.hybiz.tv/Sheila-Sangwan---CBEC/167738


Sheila Sangwan, IRS, Member (Service Tax), Central Board of Excise & Customs (CBEC), Impact of Budgetary Changes – Taxation of Services, KLN Auditorium, FAPCCI, Hyderabad, Andhra Pradesh. A total of 119 services on the basis of a ‘positive list’ were liable to service tax. A new service tax policy will come into force from July 1.To widen the tax base in keeping with the extension of services, the government widened the definition of services to bring in more activities under the tax net on the basis of a negative list. The government is going to cover the services sector. The state will also see that there is a huge tax base over here will also be tapped. About 59% of the GDP in this country is contributed by the services sector. The government is looking to widen its tax base. The government is seeking any kind of complaint.

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