THE INDIA BUDGET 2012 (Pre Budget Speech) INR 1 tln in Service Tax receipts this year?

The negative list implementation itself adds $ 3 bln to the kitty and receipts are close to $12 bln so the Service Tax receipts in FY 2013 could easily be $20 bln or INR 1 Lakh Crores and allow Pranab da to get away with only 10% subsidy reduction in Diesel ($3 bln), Fertilisers ($1.4 bln)

Also Divestment will be a thick program to $10 bln again and other taxes will contribute INR 4 lakh crores despite removal of STT!

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3 thoughts on “THE INDIA BUDGET 2012 (Pre Budget Speech) INR 1 tln in Service Tax receipts this year?

  1. Pingback: THE INDIA BUDGET 2012: Healthcare, Education and the Rest? « A blog of blogs

  2. Pingback: THE INDIA BUDGET 2012: Tax Proposals, Personal Taxes, Service Tax, Corporate Taxes « A blog of blogs

  3. Pingback: THE INDIA BUDGET 2012: Subsidies and Extra Tax revenues « A blog of blogs

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