Was Service Tax Of 12.5 % On Vaishno Devi Helicopter Service Only Option For Finance Ministry In J&K To Raise Revenue ?

 

(Tania Mahajan)

Over the years number of approaches have been followed to raise revenue in Jammu & Kashmir by Finance Ministry. Some go good with general public and some go on other side.

Finance Minister Haseeb Drabu is regarded one the of best Finance man in India and his stint as Chairman J&K Bank was a good one. People and Officials in the State were expecting Finance Minister to opt for Numerator management techniques rather than going heavily on denominator techniques.

There was rise in taxes on Oil in Jammu & Kashmir , there were noises by people on that also but things could be understood. Similarly an increment on taxes on Liquor was  be termed as good decision.

But a decision taken on increase in Service Tax on Helicopter services in Katra will not go good with any section. One it will hurt the religion sentiments of Hindu. This will create pressure on BJP unit of Jammu & Kashmir to get it rolled back as they are left with no option. Opposition is pounding heavily on Finance Ministry and Government of Jammu & Kashmir for taking such steps. As per information , CM Mufti has promised to look in to the matter and get the increased Service tax rolled back.

The Finance Ministry had so many option of generating revenues , It is the time where Government should think in forward directions and start implementing Numerator Management techniques rather than going heavy on denominator techniques.

 Was Service Tax of 12.5 % On Vaishno Devi Helicopter Service only option for Finance Ministry in J&K to raise revenue ?

 

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