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18 September 2021 The on-line newspaper devoted to the world of transports 00:15 GMT+2

July 11, 2001

Service tax of 5 pc on ports w.e.f. July 16

The Union government has made the service tax of five per cent effective on 15 new services, including ports, from July 16.

The Finance Minister, Mr Yashwant Sinha, had announced extension of service tax to 15 new services as part of the Budget proposals for 2001-02.

The new services covered under the tax net are ports, scientific and technical con-sultancy,photography ......
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