There is a speculation amongst all the jewellers and goldsmiths that they might be included within the purview of Service tax. Rumours are doing rounds within the jewellers lobby that the service tax may be imposed on them in this budget fearing which their representatives appealed to the Government not to take any such step. They said that the uneducated workers in their trade would not get alternative employment if any levy cripples the growth of the industry.
Freinds, the barbers are already included, tailors are also there. Now its the turn of the jewellers. Soon you might find the cobblers (mochi) on the list too. ( phewww)What say ???
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Instead of providing social security, Govt. is involved in imposing more and more taxes on common people.
We have seen the interest rates on small savings goes down from last 4 years, that lead a investor to find other means of investments i.e. mutual funds, Stocks etc..
Days are not far where common people will be paying from their nose to survive.