Published in:
Business Insider
Pubished on:
13 Nov 2015
The government, in its Union Budget, had announced that a cess of up to 2% would be levied to fund PM Narendra Modi's pet campaign 'Swachh Bharat Abhiyan'.
But, the Indian industry says this is against the PM's claims of ease of doing business in India and also sought clarity on certain issues.
Also, the value and rate is unclear, what the effective rate of tax would be for services that are taxable at an abated rate.