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Cancel service tax on foreign remittances: Goa NRI

  •   Sat, Jun 30 2012 02:46:26 PM

Panaji, June 30 (IBNS) Commissioner for Goa NRI Affairs Dr Wilfred Menezes Mesquita has requested Prime Minister Manmohan Singh to cancel the Centre’s plan to charge 12.36 percent on all foreign remittances to India.

The letter addressed to the Prime Minister on Friday is in the wake of strong resentment among the local community demanding to roll back the tax.

Mesquita said the “reported decision to impose the service tax” will dampen spirits of Goans to work abroad.

“The decision has generated tremendous resentment among the Goan public in general and the overseas Goan community in particular,” he said in the letter.

Mesquita explained that tax on the money of the hardworking people has raised apprehensions that NRIs might resort to illegal routes such as “Hawala” instead of repatriating their money through the normal banking channels.

“Goans have been emigrating since pre liberation times as hardly any employment opportunities were available furing the erstwhile Portuguese regime…The horizons of migrations in the present time has been extended to several countries,” the letter reads.

(Reporting by John Edwards)
  

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Comment on this article

  • Teodosio, Goa/Bahrain

    Sat, Jun 30 2012

    Much is heard and read on this subject of tax on NRI remmitances. We are going to go back some decades when much of the people were using the hawala service for small gain. Now this 12.36% tax will bring sour memories for the hard worked people in the gulf. Wonder if an NRI returns to India for good does the Government understands his needs till he finds a job to support his family as is the case in Europe. No way, even a stray dog will not pass the side (house)of this NRI return. Let the government right now make a study on the impact it will impart to these NRI's and later through a method, levy if absolute necessary some percentage of tax. Going right to the throat of the NRI'S will certainly burn many hands and will indeed indirectly aid the hawala method multifold.let prudency prevail

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