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Service Tax
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Service Tax
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TNCCI team meets finance minister, seeks tax exemptions
A delegation from the Tamil Nadu Chamber of Commerce and Industry on Friday met Union finance minister Pranab Mukherjee in New Delhi and submitted a pre-budget memorandum for the Central Budget 2012-2013 demanding that the Union government exempt semi-mechanised units in the safety matchstick indust...
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Top service tax payer made guest assistant commissioner
Customs and Central Excise department has honoured a top private sector service tax payer Rajeev Dwivedi-proprietor of a manpower supply agency-by nominating him as first "Guest Assistant Commissioner" for a day on Friday.
Dwivedi, who owns M/s Prime One Workforce Private Limited, has paid service...
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Kingfisher partly clears its service tax dues of Rs 70 cr
Kingfisher Airlines (KFA) has paid around Rs 27 crore service tax as against Rs 70 crore which it owes to the service tax department, CNBC-TV18 has learnt.
In November- December last year, KFA's account was frozen twice by the Mumbai service tax department for non-payment of dues and it was only af...
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Push for service tax set to raise rail fares
Rail fares are set to go up with the finance ministry considering a service tax on AC class travel if the railway ministry doesn't heed its suggestion to rationalize passenger fares. The last hike in fares took place in 2002.
The railways has been seeking additional budgetary support to bridge the ...
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Budget 2012: Excise, service tax rates headed up as RBI makes it precondiiton for monetary easing
Policymakers have begun talks on raising indirect taxes and withdrawing the last remnants of the 2008 stimulus, as the government comes under fire for not tackling the rising fiscal deficit.
"There is a thinking within some sections in the finance ministry as well as other senior policymakers that...
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Company Law, FEMA, Service-tax etc information
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So, weve requested our fellow professionals to kee...
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Finance Ministry may dangle threat of service tax levy on AC travel if rail fares are not hiked
The Finance Minister, Mr Pranab Mukherjee, may have finally found a way to get Ms Mamata Bannerjee to toe the Centre's line on Railway finances.
Although Ms Bannerjee relinquished the Railway Minister's job to become West Bengal Chief Minister, her writ continues to run in Rail Bhawan since a Trina...
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Telcos seek abolition of service tax on broadband usage
In a bid to encourage uptake of broadband services, telecom companies have sought waiver of service tax on Internet services. They have also asked Finance Ministry to remove the need for showing PAN number while taking a new telephone connection.
Abolition of service tax on pure Internet/broadband...
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Government may exempt skill providers from service tax in 2012-13 budget
Students enrolling in courses like software, retail and fashion may pay lesser fee as the government plans to waive service tax levied on skill development providers in the budget for 2012-13.
The demand to do away with service tax on skill development bodies was submitted as a part of pre-budget r...
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'No service tax payable for manufacturing processes'
We are working under SSI exemption. We have now received an export order. We want to know the procedure for not counting the export clearances for the exemption limit of Rs 1.50 crores. Can you help us?Briefly, you have to file a declaration and obtain declarant code number, which you must mention i...
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