April 1, 2012 7:43 PM

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Telephone calls, restaurant bills to cost more

Telephone calls, restaurant bills, courier, credit card and other services will cost more to the coustomers as the budgetary proposal of raising service tax rate to 12 per cent has come into effect from April 01. In order to garner an additional 18,660 crore rupees during the financial year 2012-13, the Finance Minister Pranab Mukherjee increased theservice tax from 10 per cent to 12 per cent. There are over 120 services which attract service tax. The services sector accounts for about 59 per cent of the country's Gross Domestic Product.

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