Friday, July 20, 2007

#007 WILL THE FINANCE MINISTER FALL ON THE HOLY COW?

The Finance Minister is very confident that he can bridge the revenue deficit in Indian budget.

The heavenly miltch cow "kamadhenu" Service Tax is there. No need to worry. Even otherwise, he can levy a donkey service tax on washermen or a monkey entertainment tax on a beggar. There are the pot-bellied IAS Babus and the Consultants to guide.

ADDED ON OCT. 21, 2009
The 2009-10 budget showed that F.M. is keen on spreading the net of service tax on more activities.

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