Delhi HC stays levy of service tax on senior advocates
The Delhi High Court today passed an interim order staying the Centre's notifications providing for levy of 14.5 percent service tax on senior advocates from today onwards.
Apr 01, 2016, 19:16 PM IST
Service tax increased to 15% from Friday
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Apr 01, 2016, 11:12 AM IST
'1% TCS on cars above Rs 10 lakh may impact ease of doing biz'
The one percent tax collection at source (TCS) on luxury cars priced above Rs 10 lakh announced by Finance Minister Arun Jaitley in the Budget 2016-17 could impact ease of doing business, according to home-grown auto major Mahindra & Mahindra.
Mar 02, 2016, 14:22 PM IST
Budget 2016: Service tax to be levied on transfer of spectrum
Providing clarity on spectrum trading deals, Finance Minister Arun Jaitley Monday said right to use spectrum and its subsequent transfer is a service which will attract service tax.
Feb 29, 2016, 21:32 PM IST
Budget 2016: Arun Jaitley withdraws tax exemptions from host of services
Finance Minister Arun Jaitley Monday announced withdrawal of tax exemptions from a host of services including those provided by lawyers to other advocates, including on arbitral tribunals, even as he exempted financial regulators and others from service tax.
Feb 29, 2016, 18:01 PM IST
CommMin pushes for service tax exemption for exports in Budget
To boost waning exports, the Commerce Ministry has suggested that exporters be exempted from payment of service tax in the upcoming Budget.
Jan 28, 2016, 19:11 PM IST
Government plans to increase service tax
In the new budget, the government planning to increase the limit of service tax which would give a major relief in service tax to the small businesses.
Jan 27, 2016, 11:29 AM IST
MakeMyTrip under scanner for Rs 75 crore alleged tax evasion
The Directorate General of Central Excise Intelligence (DGCEI) has registered a case against the online travel services provider for allegedly not depositing service tax which it had collected from the customers, official sources said.
Jan 17, 2016, 12:48 PM IST
Govt may lower long-term capital gain tax for unlisted companies
Government Saturday hinted at lowering the long-term capital gain tax on investments made in unlisted firms, particularly startups, in the Budget for the next financial year, to bring them closer to the levels prevalent for the listed companies.
Jan 16, 2016, 15:56 PM IST
Indirect tax collection grows by 34% in Apr-Nov period
Reflecting improvement in industrial activities, indirect tax collection jumped 34.3 percent to Rs 4,38,291 crore during the first eight months of current financial year.
Dec 09, 2015, 20:35 PM IST
Govt sets 5-day timeline for 80% service tax refund
The move will speed up sanction of the refund accumulated CENVAT credit to exporters of the services.
Nov 10, 2015, 22:49 PM IST
Pay more for leisure and entertainment from Nov 15
Your weekends are set to pinch your pockets more as Swachh Bharat Cess is set to increase the tax on services you avail, many of them in the ambit of leisure and entertainment
Nov 07, 2015, 09:56 AM IST
Govt to impose 0.5% Swachh Bharat cess on services from Nov 15
The decision to impose 0.5 percent cess will translate into a tax of 50 paise only on every Rs 100 worth of taxable services.
Nov 06, 2015, 20:36 PM IST
Get ready to pay more Service Tax from Nov 15 as govt imposes Swachh Bharat Cess
Resources generated from this cess will be utilised for financing and promoting initiatives towards Swachh Bharat.
Nov 06, 2015, 20:02 PM IST
Govt eases penal provisions for customs, excise offences
In a bid to reduce harassment of overseas travellers, the government today eased the penal provisions by raising fourfold to Rs 20 lakh the limit of undeclared or mis-declared baggage that will attract arrest or prosecution.
Oct 23, 2015, 21:07 PM IST
Service Tax Dept to focus on 5 evasion prone sectors
"With a view to improve collection, the Service Tax department has prepared sector specific profile of five sectors which are prone to evasion," a senior official told PTI.
Sep 06, 2015, 11:04 AM IST
CBEC must aim at 22% growth in service tax collection: Das
Concerned over low service tax realisation, Revenue Secretary Shaktikanta Das Monday asked the CBEC (Customs, Central Excise and Service Tax) to analyse revenue mop-up sectorally and ensure that it grows by 20-22 percent in the fiscal.
Aug 24, 2015, 23:15 PM IST
In run-up to GST, FinMin rechristens Service Tax directorate
Even as the Modi government is yet to cross the Parliamentary hurdle before it can roll out a uniform tax regime, it has rechristened Mumbai-based Directorate General of Service Tax as Directorate General of Goods and Service Tax (DGGST), and shifted it to Delhi.
Aug 16, 2015, 19:41 PM IST
Indirect tax revenue surges 37% to Rs 2.1 lakh crore in Apr-Jul
Indirect tax revenue jumped over 37 percent to over Rs 2.1 lakh crore during April-July period of current fiscal, on the back of higher excise collections.
Aug 11, 2015, 16:01 PM IST
Service tax liability on mutual funds, not their agents
In a big relief to mutual fund agents, the government has said that distributors will not have to pay tax on services provided by them and the liability in this regard would entirely be on the fund houses.
Aug 07, 2015, 18:52 PM IST
