Indian kitchen is inflicted with ACCHE DIN!MON Key Baaten NOT to help the masses facing cash crunch!
Service tax goes up to 14%, effective today
Oil crash advantage would not help much as 14 percent service tax to break the back bone of domestic economy!
Excalibur Stevens Biswas
'Acche din aa chuke hain,' says PM Narendra Modi
Mon Key Baaten! Criticising the anti-minority comments made by Sangh
Parivaar leaders, Prime Minister Narendra Modi on
Monday said he would not tolerate any discrimination or violence
Indian kitchen is inflicted with ACCHE DIN!
Oil crash advantage would not help much as 14 percent service tax to break the back bone of domestic economy!
MON Key Baaten NOT to help the masses facing cash crunch!
Free market economy protagonists talks much about inequality justifying the trickling trickling growth as they are aware of the fact that this bloody inhuman Anti Nature Economy for the ruling hegemony means to create and promote Money Making Guillotines and the exclusion and ethnic cleansing have nothing to do with equality or justice.
Governance is all about free flow of capital and unabated money making. Thus,the government in the greatest Emerging market has to be business friendly!
Thus,the Nintey Nine percent masses have to suffer most and have to be declassified as HAVE NOTS as all resources have to be capyured by the HAVES!
The solution is ready made!Corporate responsibility with Tax Holiday and Tax Overload against the masses as it happens to be the curious case of GST And DTC.GST killing the federal constitutional structure of nation is meant NON Stop Business for Money making and immediate IMPACT of fourteen percent Service Tax is loaded against those Have Nots who have to pay the tax for the Haves to make money.
Thus,Finance Minister Arun Jaitley had proposed in his budget to raise service tax from 12.36 percent to 14 percent. The proposal would take effect from June 1, Monday. The tax would be levied on all services including, expect a small negative list, causing a costlier lifestyle.
People have started receiving messages from their service operators, conveying the increase in service tax rate which will have a resulting impact on the bills.
0.5 per cent hike will be brought in railways under effect from today in the AC and First Class fare and freight costs. At present, 3.7 per cent service tax is levied on the aforementioned services. From today onwards, this will go up to 4.2 per cent, as told a ministry official.
Jaitley had said in Budget speech, "To facilitate a smooth transition to levy of tax on services by both the Centre and the States, it is proposed to increase the present rate of service tax plus education cesses from 12.36 per cent to a consolidated rate of 14 per cent."
Social Sector schemes means government expenditure to sustain cash liquidity as without purchasing power of this bloody Have Nots the myth of the greatest Emerging market might not be sustained at all.
Thus,Jet fuel price was hiked by a steep 7.5 per cent on Monday and rates of non-subsidised cooking gas (LPG) by Rs 10.50 per cylinder in step with global firming of rates.
The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was raised by Rs 3,744.08 per kilolitre (kl), or 7.54 per cent, to Rs 53,353.92, oil companies announced on Monday.
On May 1, ATF price was hiked by a marginal Rs 272 per kl or 0.5 per cent to Rs 49,609.84.
Following global trends, the price of non-subsidised or market-priced domestic cooking gas (LPG) was hiked to Rs 626.50 per 14.2-kg cylinder in Delhi from Rs 616 till yesterday. The price hike comes on the back of a Rs 5 per 14.2-kg cut in rates effected from May 1. Non-domestic LPG, which consumers buy after exhausting their quota of 12 bottles of 14.2-kg each at subsidised rates, will cost Rs 626.50 as against Rs 616 per 14.2-kg cylinder.
Households are entitled to 12 cylinders of 14.2-kg each or 34 bottles of 5-kg each at subsidised rates of Rs 417 or Rs 155, respectively in Delhi. Any requirement beyond this has to be bought at the market price.
While the market priced or non-subsidised 14.2-kg cylinder will cost Rs 626.50 from today, the 5-kg pack will cost Rs 318.50. Following similar trends, rates of market-priced 19 kg LPG cylinder has been hiked to Rs 1,151 per bottle from Rs 1,134. Rates vary from state-to-state depending on the incidence of local sales tax or VAT.
Jet fuel constitutes over 40 per cent of an airline's operating costs and the price cut will reduce the financial burden on cash-strapped carriers. No immediate comment was available from airlines on the impact of the price hike on passenger fares.
State-owned fuel retailers, Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise jet fuel and non-subsidised LPG prices on the first of every month based on average imported cost and rupee-dollar exchange rate. The same on petrol and diesel is done on a fortnightly basis.
Service tax raised to 14%, mobile bills to inflate
Increased service tax will have an impact on mobile phone
subscribers as well as railway passengers, and important
sectors such as banking, airlines and construction.
The government has raised service tax from 12.36 percent to 14 percent with effect from June 1. The move will impact mobile phone subscribers and sectors such as railways, airlines, banking, insurance, advertising, architecture, construction, credit cards, event management and tour operators.
Mobile operators have already been informing their subscribers about the hike. Railway passengers will also be impacted by the increased service tax. Fair for First Class and AC classes in passenger trains has gone up by by 0.5 per cent from June 1. "Currently, 3.7 per cent service tax is levied on train fares for AC Class, First Class and freight. This will go up to 4.2 per cent from June which means the rise is only 0.5 per cent," Economic Times quotes an official as saying.
According to reports, the service tax hike will ensure its smooth transition into a consolidated General Service Tax (GST), which is expected to be rolled out by April 2016. "To facilitate a smooth transition to levy of tax on services by both the Centre and the States, it is proposed to increase the present rate of service tax plus education cesses from 12.36 per cent to a consolidated rate of 14 per cent," Finance minister Arun Jaitley had said in his budget speech.
This year's budget has a lot of focus on the technology. Railway Budget 2015-16 envisages "SMS Alert" service in advance about the updated arrival/departure time of trains at starting or destination stations, integrated customer portal, Wi-Fi, On- line information on latest berth availability on running trains, an integrated mobile application including station navigation system, etc. Read Railway Budget 2015-16: Technology to play a crucial role
Government spending: Numbers don't lie
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