Foreign airlines under scanner for alleged Service Tax evasion
Six foreign airlines have come under the lens of revenue authorities here for alleged underpayment of Service Tax believed to be worth several crores.
Jul 26, 2015, 12:40 PM IST
New norms for manual scrutiny of service tax returns from August
Central Board of Excise and Customs (CBEC) will start detailed manual scrutiny of service tax returns of assessees based on risk parameters under modified norms from August 1.
Jul 17, 2015, 17:03 PM IST
Service charge collected by hotels is not service tax: FinMin
The government Tuesday clarified that "service charge" collected by certain restaurants and hotels is not "service tax", which is levied at a rate of 5.6 percent on the total bill.
Jul 14, 2015, 17:12 PM IST
Don't impose service tax on overflights: IATA
India should not apply service tax on overflights by foreign airlines, extra baggage, global distribution systems and international tickets, world airlines body IATA said Tuesday, as it suggested smarter regulation to make it easier for the industry to do aviation business here.
Jul 14, 2015, 14:54 PM IST
Manual scrutiny of Service Tax returns from Aug 1: CBEC
The assessees who are subject to service tax audits would not be covered under the detailed scrutiny programme.
Jul 10, 2015, 22:49 PM IST
India Inc needs be active before finalisation of tax proposals
"The senior functionaries in government engaged and involved with policy making are much more receptive in modern times as compared to 15-20 years ago and therefore, can suitably accommodate industry's inputs along with its perspective in the final policy document to plug possibilities of faltering and making unintended mistakes," he said.
Jun 19, 2015, 15:58 PM IST
Service tax only in AC restaurants; effective rate 5.6%
Restaurants, eating-joints or messes, which do not have the facility of air-conditioning or central-heating in any part of the establishment are exempt from service tax.
Jun 09, 2015, 16:59 PM IST
Service Tax: Penalty norms encouraging voluntary compliance
In case of voluntary payments along with interest, reduced penalty have been provided depending upon the stage of litigation i.e. Prior to issuance of show cause notice, after issuance of show cause notice but before adjudication or after adjudication.
Jun 03, 2015, 18:29 PM IST
PAN card gets costlier by Re 1 after service tax hike
Getting a new PAN card has become costlier by a rupee in the wake of government hiking service tax rate to 14 percent beginning this month.
Jun 02, 2015, 21:59 PM IST
Higher service tax comes into effect; eating out, travel and mobile become expensive
The government's proposal to increase the rate of service tax from 12.36 percent (including education cess) to 14 percent has come into effect from Monday.
Jun 01, 2015, 08:38 AM IST
Mobile, hotel, other services to be costlier from Monday
Finance Minister Arun Jaitley in his Budget had proposed to raise service tax from 12.36 per cent (including education cess) to 14 per cent. The proposal takes effect from June 1.
May 31, 2015, 11:37 AM IST
Railways to hike AC class fares by 0.5% from Jun 1
Fares for first class and AC class in passenger trains besides freight charges will be increased by 0.5 per cent from June 1 as new service tax will come into effect.
May 30, 2015, 16:32 PM IST
List of products to get costlier and cheaper from June 1
Those that would also turn cheaper include leather footwear, locally made mobiles, computer tablets, microwave ovens, peanut butter, packaged fruits, ambulance service and agarbattis.
May 30, 2015, 10:52 AM IST
New service tax rate of 14% to come into effect from June 1
The new service tax rate of 14 percent will come into effect from June 1, government said Tuesday, in a move that will make eating out in restaurants, insurance and phone bills expensive, among many other things.
May 19, 2015, 22:32 PM IST
Don't pay higher service tax of 14% as Finance Bill not yet passed
The Finance Ministry on Saturday asked people not to pay higher service tax of 14 percent, proposed in the Budget, as the Finance Bill has not yet been passed by Parliament.
Apr 18, 2015, 21:43 PM IST
Beginning today, pay more for air travel, MFs, eating out
Business-class air travel, investment in mutual funds and chit funds would become expensive with some of the service tax proposals announced in the Budget coming into effect from today.
Apr 01, 2015, 09:54 AM IST
What will be costlier and cheaper from April 1
Those that would turn cheaper include leather footwear, locally made mobiles, computer tablets, microwave ovens, peanut butter, packaged fruits, ambulance service and agarbattis.
Mar 31, 2015, 15:13 PM IST
From April 1, air travel to become expensive; tickets to museum, zoo cheaper
Finance Minister Arun Jaitley had came out with a host of proposals last month to rationalise service tax, which is levied at an effective rate of 12.36 percent.
Mar 31, 2015, 13:35 PM IST
PAN mandatory for service tax registration: FinMin
Permanent Account Number (PAN) is now mandatory for private firms for getting service tax registration besides email and mobile number.
Mar 18, 2015, 18:42 PM IST
Govt to launch APY pension scheme on June 1
The government today said Atal Pension Yojna (APY), announced in the Budget, will be launched on June 1 and will focus on all citizens in the unorganised sector entitling them to a pension of up to Rs 5,000 per month after 60 years of age.
Mar 01, 2015, 20:54 PM IST
