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10/2/2012
India imposes 3.7% service tax on railway goods traffic
India has imposed a 3.7 percent service tax on railway freight transportation, effective from the start of October, a government statement said.
India imposes 3.7% service tax on railway goods traffic
India has imposed a 3.7 percent service tax on railway freight transportation, effective from the start of October, a government statement said.
The Indian government has been trying to raise revenue to plug a fiscal deficit that is likely to overshoot a target of 5.1 percent for the current fiscal year that ends in March 2013. (Reuters)