Tax on luxury salons likely

Finance Minister P Chidambaram may be getting ready to throw his service tax net wider and extend the 10% service tax to 30 other services to mop up a whopping Rs 20,000 cr as revenue.

FINANCE MINISTER P. Chidambaram may be getting ready to throw his service tax net wider.

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Sources say that Chidambaram might extend the 10 per cent service tax to 30 other services to mop up a whopping Rs 20,000 crore as revenue from service tax alone in the next financial year. So far, 70 services are covered under the service tax net.

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