Waive Service Tax, MAT For Industries For Creating Employment: ASSOCHAM

By Vijay Kumar

ASSOCHAM wants complete waiver of Service Tax as also Minimum Alternate Tax (MAT) for industries set up solely with a view to creating employment opportunities both in public and private sectors having minimum marginal profits. It also wants imports of capital goods, required to set up such industries be exempt from import tariffs, initially for a period of 10 years.