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Home > Forum > Indore > Legal > Effect of service tax on Indore

Effect of service tax on Indore

Q: Hello. What is the update on the service tax that was applied in the Union Budget of 2015-2016? What effect will it have on the city of Indore?

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Replies (8)
1
If the Government of India plans to impose the Swacch Bharat campain, then I think it is a bigger worry, as the service tax will become more then, and we will be ending up paying almos 16% as the tax then.
Utsav Chauhan


2
I think that the MIG group and the middle clas people will be the worst effected due to this inflation. Paying bills will get so costly from now on. Even air travel will get costlier now.
Vidushi Chandratre


3
Looking at the condition of several sectors that are already going through a bad phase and the market hasn't been so good of late, this increase in service tax would be bringing in more inflation.
Tanmay Kumar


4
Yes I think that the real estate sector is one of the sectors that will be the effected the most, as now the sale in the buying of houses will likely drop down in the future.
Rahul Shandilya


5
Services with lawyers, gym memberships and club memberships will also cost more from the next financial year. The hike in service tax will also impact transactions including buying a house. I think this will have a huge impact on the real estate market as well
Rahat Amin


6
This is one of the highest hikes in recent times. Prices are being raised for the second time in two weeks as international oil prices that had more than halved since June last year, have begun climbing back this month.
Manish Agrawal


7
The price of almost all the commodities will see an increase. Electricity bills, restaurant bills would also go up. Petrol prices have already gone up by Rs 3.18 per litre and diesel by Rs 3.09 from this week, to align fuel rates with global trends and the rupee-dollar exchange rate.
Faizan Khan


8
Till now the service tax that was applicable was 12.36 % but now it has been increased to 14%, and so basically, the price of most of the commodities will increase. Many of the residents of Indore are not happy with this decision.
Naveen Jaitley


So what are all the products for which the price has increased?
Rashika Mahajan,  Indore
3rd March 2015


9

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