POWER equipment manufacturer Thermax has seen significant investor interest in the last month or so, with the stock rising over 30% in this period. Analysts attribute this trend to the shift in Bhel’s focus to bigger projects in the utility boiler market, a move which is expected to enable Thermax to get more orders in this space. Bhel has the biggest market share in the utility boiler market. Investors are enthused about Thermax’s recent signing of a 15-year agreement for technology licence for sub-critical boilers with US-based Babcock & Wilcox Power Generation Group. Analysts expect this move to enable the company expand its order book, which was lagging other major players in the power equipment manufacturing space in 2007-08. On Monday, Thermax ended at Rs 494.05, up 4.7% from Friday’s close.
Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994. Union Finance Minister, Arun Jaitley, in his budget announcements proposed to impose a cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services. The present rate of service tax will be hiked to 15 per cent from June 1, 2016, from 14.5 per cent. Take a look at what gets expensive:
Phone Bills: Your phone bills are going to go up. So, pay a good 15 per cent now on service tax on phone bills.
Restaurant Bills :If you are dining in a restaurant that already has service tax applicable, you are going to pay more on your eating out. Though 0.5 per cent on a single bill may not mean much, frequent diners may end-up paying a lot during the year.
Travelling: You will have to pay more for air travel, as there is a service tax on tour operators and travel agents.
…
Phone Bills: Your phone bills are going to go up. So, pay a good 15 per cent now on service tax on phone bills.
Restaurant Bills :If you are dining in a restaurant that already has service tax applicable, you are going to pay more on your eating out. Though 0.5 per cent on a single bill may not mean much, frequent diners may end-up paying a lot during the year.
Travelling: You will have to pay more for air travel, as there is a service tax on tour operators and travel agents.
…
Comments
Post a Comment