A case for Abolition of Cesses and reduction of interest rate on delayed payment of Service Tax & excise duty
1. ABOLISH Cesses : The levy of 2% Education Cess and 1% Secondary & Higher Education Cess should be abolished and merged into basic duties. These levies are causing complications in documentation, credit availment and accounting. To overcome such hardships, it is suggested that the rates of the main duty be rationalized to the extent of … Read more