Budget 2011: Service Tax To be Increased From 5% to 6% | Ramblings of an e-trader

Wednesday, 20 October 2010

Budget 2011: Service Tax To be Increased From 5% to 6%

Although we always look forward to a new Budget announcement every October, and although the Government keeps proclaiming that each Budget is a Budget for the people, I don't see how it is so. It is regrettable to know that service tax will be increased from 5% to 6% in 2011 and this means that most services will be a whole lot more expensive.

Seriously, I don't see any benefit the Raykat has on this, and all those so-called "benefits" like removing taxes on ordinary mobile phones and leather goods are useless because these are luxury stuff; stuff that most of us do not buy anyway!

But service tax is really different. Even if we do not want to spend, if we fall sick and seek medical treatment, we are forced to spend, and get charged additional 6% to boot. Don't tell me that it'll be covered by medical insurance because most of us do not have it.

Anyway, let's make enough noise to let the Government know that this is not good for the People!

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