services tax news
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Vijay Mallya's United Breweries, United Spirits get Rs 91 crore service tax notice
Mumbai :: India | 10 days ago
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The notice is pertaining to sponsoring events like the Indian Premier League, East Bengal Football Team, Force India Team, Wills India Fashion Week, Mohan Bagan Team. The notice issued to United Breweries is for the amount of Rs 21.7 crore, while
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FinMin mulls new intel wing to check service tax evasion
Mumbai :: India | 1 month ago
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Concerned over mounting cases of service tax evasion, the Government is mulling to create a separate intelligence unit to check the menace and stop leakage of revenue...Rs 9,800 crore during April-December period of the last fiscal (2012-13) against
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Dine & whine
Bangalore :: India | 2 months ago
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Your frequent visits to popular restaurants could see a steep decline if your salary is not able to keep pace with escalating food bills. Come April and your bill after having eaten from a teetotal menu could zoom up considerably. Much more than you
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Schafer: Dayton made the right call on services tax
Dayton :: MN :: USA | 2 months ago
Credibility
The business community appears to have won an easy one in convincing Gov. Mark Dayton to back down from a proposed sales tax on business-to-business services. After all, it's all but impossible to find a policy wonk who thinks it is good tax policy.
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FinMin asks PSUs to ensure payment of service tax
New Delhi :: India | 2 months ago
Credibility
The Finance Ministry has asked heads of all public sector entities to use their influence to ensure timely payment of service tax by their vendors. Revenue Secretary has written a letter to all CMDs of PSUs last week requesting them to ensure that
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Travel Tech: Tennessee Travel Industry Threatened By Proposed New Travel Service Tax
Nashville :: TN :: USA | 3 months ago
Credibility
The basis of the new tax is an attempt to apply state sales taxes and county and local hotel occupancy taxes to the service fees of traditional and online travel agents that facilitate reservations for hotel room transactions, raising prices for
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'Voluntary compliance scheme to help widen tax base'
New Delhi :: India | 3 months ago
Credibility
Pitching for higher tax collections, Revenue Secretary Sumit Bose today said the recently announced voluntary compliance scheme for service tax defaulters will help the government widen the tax base. "The voluntary compliance scheme for the services
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Budget 2013: Negative impact on the media sector
Mumbai :: India | 3 months ago
Credibility
Negative Budget Provisions Companies investing Rs 100 crore or more in plant and machinery during the period FY14 and FY15 will be entitled to deduct an investment allowance of 15% of the investment. Increase surcharge from 5% to 10% on domestic
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Budget 2013: Moving very slowly on service tax
Mumbai :: India | 3 months ago
Credibility
There is a continuation of stable tax regime with no rate change or other significant changes in provisions relating to levy of tax or compliance thereto. This is new to tax payers minimalistic changes being made to the provisions a fantastic
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Pay 3.09% more at AC restaurants
Mumbai :: India | 3 months ago
Credibility
So how much extra service tax will you pay at air-conditioned restaurants after yesterday's Budget announcements? Considering a 70% abatement provided on the gross bill amount, your food bill will increase by 3.09% due to service tax now. Not only
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