Friday, February 26, 2010

TOP HIGHLIGHTS OF BUDGET 2010

  1. More services to be brought under tax net
  2. GST to be implemented from 2011
  3. Exemption of  the testing and certification of agricultural seeds from service tax.
  4.   The transportation by road of cereals, and pulses to be exempted from service tax.

  5. Transportation by rail to remain exempt.
  6. Process of refund of accumulated credit to exporters of services, especially in the
    area of Information Technology and Business Process Outsourcing, made easy by
    making necessary changes in the definition of export of services and procedures
  7.   Online News agencies to attract ST
  8.   Accredited news agencies exempted

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