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It may not sound well to the regular restaurant goers. All restaurants having AC fitted in any part of their premises will be raising the charges of services being offered by them since April 01. The reason being the recently announced union Budget in which the union finance minister, P Chidambaram, had said that all such restaurants will be liable to pay tax to the central excise and customs department at the rate of 12.36% from beginning of next fiscal.

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The Service Tax department conducted a raid operation on a real estate developer at Adajan. The sleuths cracked down on the office, residence and three project sites of Shrey construction at Adajan and seized documents relating to the sale of the flats and bookings on Tuesday.

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