Govt to bring more services under the tax net:MoF

MUMBAI:The Finance Ministry plans to bring more professions in the services sector under the tax net, a senior bureaucrat said here on Monday. He was speaking at a service tax-related event organised by the Associated Chambers of Commerce and Industry of India.

“More areas in the services sector need to be brought under service tax. In India, this is tougher to do, because goods are sometimes classified as services and vice versa. The Centre has shown commitment to implement, which will subsume most of the indirect taxes as well as VAT on the state front, besides local levies,” Ministry of Finance Joint Secretary V K Garg said.