Services tax maybe hiked in the Union Budget 2017-18 to largely align the same to the likely and proposed GST Tax rate of 18 per cent. The current rate of 15 per cent, might be slightly increased, which means many things like dining at restaurants, airline tickets etc., could become more expensive.

The GST Council has proposed on a four-slab structure, which is zero per cent, five per cent, 12 per cent and 28 per cent. The GST is expected to be implemented by July 1, 2017.

This looks difficult at the moment.

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