Prashank K Sahu In New Delhi

12 new services to be in tax net

Last year, the government had considered raising the rate to 14 per cent but the move was shelved on account of fears of inflation, which was ruling at 6.5 per cent in January 2007. For the week ended December 29, the inflation rate stood at 3.5 per cent, raising the possibility that service tax rates will increase.