Monday, March 1, 2010

'The hospitality sector could continue to be outside the service tax net'

Remove residential housing projects out of service tax net

The year 2009-10 was very challenging for the real estate sector which witnessed a steep decline in prices and strained liquidity/ credit positions, resulting in delay in the completion of projects, lack of sales and high borrowing costs, reminisces Mr Mahesh Jaising, Partner with BMR Advisors, Bangalore.

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