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Posted Date : 18-May-2011 , 09:00:08 pm | Posted By CASANSAAR
The government today said that SEZ unit and developers would require the sanction of Unit Approval Committee for availing benefits of service tax refund.Besides, developers and units would also have to furnish original invoices for claiming benefits, the Department of Revenue said in a circular.SEZ ...
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Posted Date : 10-May-2011 , 11:53:33 am | Posted By CASANSAAR
Food served in hotel rooms from their air conditioned restaurants with liquor licences will not attract service tax, the revenue department today said."When the food is served in the room, service tax cannot be charged under the restaurant service as the service is not provided in the premises...
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Posted Date : 06-May-2011 , 09:25:48 pm | Posted By CASANSAAR
The Finance Ministry on Friday sought to initiate a public debate on the issue of evolving a small negative list for tax on services, as was announced by Finance Minister Pranab Mukherjee in the course of his speech while presenting the budget for the current fiscal. The net impact of a neg...
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Posted Date : 29-Apr-2011 , 11:20:02 am | Posted By CASANSAAR
In a relief to advocates across the country, the Delhi High Court today stayed a Central government notification levying service tax on practising lawyers. "The notification is stayed," a bench comprising Chief Justice Dipak Misra and Sanjiv Khanna said, on a petition by Delhi High Court Bar Associa...
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Posted Date : 21-Apr-2011 , 09:28:37 pm | Posted By CASANSAAR
Rule 7C Prescribe the Penalty which Assessee has to Pay if there is delay in filing of service Tax Return. Where the return prescribed under rule 7 is furnished after the date prescribed for submission of such return, the person liable to furnish the said return shall pay to the credit of the Centr...
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Posted Date : 20-Apr-2011 , 11:21:17 am | Posted By CASANSAAR
The Finance Ministry today said the assistance provided by visa facilitators to applicants does not come under the purview of service tax."Visa facilitators, while providing visa assistance directly to individuals do not act on behalf of the embassies as agents of the principal and hence service tax...
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Posted Date : 09-Apr-2011 , 11:24:37 pm | Posted By CASANSAAR
The Finance Ministry expects to begin the compilation of the negative list for service tax soon. Negative list is a list of items on which tax will not be charged as compared to a positive list which the government already has.The government believes that service tax contribution to the overall tax ...
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Posted Date : 02-Apr-2011 , 08:37:15 am | Posted By CASANSAAR
The government has capped service tax on foreign exchange transactions at Rs 5,000, which is seen as a bid to pacify market players, who feared a significant drop in the country's forex volumes due to high levies on such transactions. As per a notification, tax for foreign exchange transactions w...
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Posted Date : 02-Apr-2011 , 08:23:48 am | Posted By CASANSAAR
Under pressure from Railway Minister Mamata Banerjee and concerned over rising inflation, the government has once again deferred a decision on levying service tax on transport of goods by rail to July 1. This is the fourth time that the government is postponing a decision on service tax on rail...
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Posted Date : 22-Mar-2011 , 12:18:01 pm | Posted By CASANSAAR
Bowing to demand from all quarters, finance minister Pranab Mukherjee announced withdrawal of the proposed 5% service tax on airconditioned hospitals with more than 25 beds and on diagonistic services. He also provided some relief to readymade garment manufacturers by raising t...
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Posted Date : 14-Mar-2011 , 12:20:17 pm | Posted By CASANSAAR
Various tax initiatives have been taken in the Union Budget 2011-12 for efficient tax administration. Presenting the Budget in the Lok Sabha, Finance Minister Pranab Mukherjee highlighted the initiatives including e-filing and e-payment of taxes, adoption of ‘Sevottam’ concept by CBEC an...
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News On Service Tax Includes Service Tax Rate,Service Tax Return,Etc For All Charted Accountants On Casansaar,Circle For Ca In India,Best Ca Community
