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- Implication of this move..
Is this move "drive" business to "own" the commercial space and at a time when property prices are declining?
Actually more & more business are now looking at Real Estate acquisitions to increase their valuation given the fair amount of liquidity possible, thanks to the agents and the bull market. If this happens at mass scale (which is highly unlikely), more that could be invested in business to grow the business will get diverted to "real estate" acquisitions, impacting the potential business growth and in longer turn our economy.
So the key question: Is this service tax a short term revenue collection exercises of government, that can eventually have an impact on growth of companies and hence the Indian economy? Will be great to know others views?CommentQuote0Flag