Govt sets aside Rs 10000 cr service tax demand notices on IT firms
PrintListen to this Article
0:00
0:00
In a relief to IT companies, government has set aside a 10,000 crore rupee service tax demand notices on IT companies. In a statement, the Finance Ministry said, as a result, apprehensions about the negative effects on the software industry are without basis.
The government's move came a day after IT companies raised the issue of tax demand with Finance Minister Arun Jaitley during the pre-budget consultations.
The tax department had slapped service tax demand notices on about 200 information technology and IT-enabled services companies. It had asked them to return export benefits claimed between 2012 and 2016 on softwares provided to clients outside India. #casansaar (Source - NewsonAir)
The government's move came a day after IT companies raised the issue of tax demand with Finance Minister Arun Jaitley during the pre-budget consultations.
The tax department had slapped service tax demand notices on about 200 information technology and IT-enabled services companies. It had asked them to return export benefits claimed between 2012 and 2016 on softwares provided to clients outside India. #casansaar (Source - NewsonAir)
Category : Service Tax | Comments : 0 | Hits : 1050
In a setback to the Patanjali Yogpeeth Trust, the Supreme Court on Friday upheld an appellate tribunal’s ruling that the organisation is liable to pay service tax for charging an entry fee for o...
The High Court recently imposed an ‘exemplary cost’ of Rs 1 lakh on the Commissioner of Service Tax (Appeals) Suresh Kumar, which he has to pay “from his personal funds”. The f...
Also Read -
CBEC to Redistribute Cases in Jurisdictions to Reduce Pendency of cases with Commissioners (Appeal
In order to clear the pendency of cases as on 30th June 2017 before the Commissioners of Central Excise and Service Tax (Appeals), the CBEC will redistribute the cases pending in the jurisdiction of a...
Comments