Pranab rolls back 5% service tax on healthcare

Finance minister Pranab Mukherjee on Tuesday announced withdrawal of the proposed 5 per cent service tax on air-conditioned hospitals with more than 25 beds and on diagonistic services.

Government announced a new service tax on healthcare services this union Budget, pressure was built to roll out back.

All political parties wanted the finance minister to withdraw the healthcare service tax proposal, which was dubbed as “misery tax”.

It is great relief for people whom we call midlle class and common man.

He also provided some relief to ready made garment manufacturers.

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