Pre-Budget expectation 2015-16 by Mr. Satya Prabhakar, Founder and CEO of

Founder-and-CEO-of-Sulekha-Satya-PrabhakarAn increase in service tax from an already very high 12+% adversely and significantly affects small to medium businesses whose cost of marketing and service procurement increases dramatically. Most SMBs are not sophisticated enough to make full use of service tax credit so an increase in service tax only increases their cost of doing business. We hope the Government keeps the SMBs, the biggest and most powerful generators of economic growth and employment, in mind before taking any steps in increasing service tax.

© News Service

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