NDTV Food | Wednesday May 20, 2015
The service tax is currently levied at the rate 12.36 per cent including education cess.
Thomson Reuters | Wednesday May 20, 2015
The change - discussed by a U.S. Internal Revenue Service official in Washington - could complicate the plan announced by Yahoo in January to spin off its 15 per cent stake in Alibaba tax free.
Tuesday May 19, 2015
The new service tax rate of 14 per cent will come into effect from June 1, the Finance Ministry notified on Tuesday, in a move that will make eating out in restaurants, insurance and phone usage expensive, among many other things.
Indo-AsianNews Service | Thursday May 14, 2015
Diego Maradona is accused of defaming Equitalia tax collection agency by repeatedly claiming in media interviews the agency had "persecuted" him, had cited "false documents" and used "heavy-handed" methods against him.
Tuesday May 12, 2015
Indirect tax collections, that include revenue from excise duty, service tax and customs duty, were at Rs 32,661 crore in April 2014.
Tuesday May 12, 2015
A large market which will be rivalling other markets of the world and therefore India should implement GST, he said at an event organised by Ficci.
India News | Indo-Asian News Service | Tuesday May 12, 2015
The government has decided to modify the new Income Tax Return (ITR) forms following concerns raised over them last month, Finance Minister Arun Jaitley told Parliament today.
Thursday May 7, 2015
The GST - originally mooted by the UPA - will subsume excise, service tax, state Value Added Tax (VAT), entry tax, octroi and other state levies after its implementation from April 1, 2016.
Press Trust of India | Wednesday May 6, 2015
The Goods and Services Tax (GST), which is proposed to be implemented from April 1 next year, will subsume excise, service tax, state VAT, entry tax, octroi and other state levies.
Tuesday May 5, 2015
The Constitution Amendment Bill on GST was introduced in the Lok Sabha in December 2014. The Bill was taken up for consideration by the House today.
Indo Asian Service News | Friday May 1, 2015
Mr Jaitley also said that the G20 group of countries' initiative on automatic transmission of information will make every monetary transaction transparent by 2017.
Tuesday April 28, 2015
As GST would be a destination-based tax, manufacturing states like Gujarat, Maharasthra and Tamil Nadu have expressed the fear that they may lose out on revenue.
Tuesday April 28, 2015
As on March 31, the total amount of about Rs 1.65 lakh is outstanding under indirect taxes, which include central excise, customs and service tax, he said.
Thomson Reuters | Saturday April 25, 2015
Parliament began debating the Goods and Service Tax (GST) on Friday that seeks to transform the country into a common market, but experts said compromises made to enlist the support of states risked diluting the impact of the biggest tax reform in de...
World News | Reuters | Thursday April 23, 2015
Hillary Clinton's family's charities are refiling at least five annual tax returns after a Reuters review found errors in how they reported donations from governments, and said they may audit other Clinton Foundation returns in case of other errors.
India News | Indo-Asian News Service | Friday April 10, 2015
The Maharashtra government has decided to scrap toll for light motor vehicles and state transport buses at 53 toll tax plazas in the state, Chief Minister Devendra Fadnavis announced in Mumbai today.
Tuesday March 31, 2015
Finance Minister Arun Jaitley had come out with a host of proposals last month to rationalise service tax, which is levied at an effective rate of 12.36 per cent.
Press Trust India | Wednesday March 18, 2015
The registration shall mandatorily require that the PAN number of the proprietor or the legal entity being registered should be quoted in the application except for government departments, it said.
Tuesday March 17, 2015
Rating agency Moody's on Tuesday said the Rs 20,465 crore tax demand raised on Cairn India is negative for its parent company Vedanta Resources.
Bangalore News | Edited by Toral Varia Deshpande | Tuesday March 17, 2015
An Indian Administrative Service officer, who took on sand mafia in Kolar district of Karnataka, allegedly committed suicide on Monday by hanging himself at his official residence in Bengaluru's posh Koramangla locality. An officer of 2009 batch, 36-...
Press Trust of India | Friday March 13, 2015
In the Budget, Finance Minister Arun Jaitley had proposed an enabling provision to levy the cess at a rate of 2 per cent or less on all or certain services, if the need arises.
Karnataka News | Indo-Asian News Service | Friday March 13, 2015
The Karnataka budget for the 2015-16 fiscal proposes six-20 per cent hike in additional excise duty on Indian-made liquor, three per cent more value added tax (VAT) on tobacco products and one percent hike in tax rate on diesel and petrol.
Indo-AsianNews Service | Friday March 13, 2015
Formula One took place at the Buddh International Circuit (BIC) in Greater Noida for three consecutive years from 2011 to 2013. However, it disappeared from the calendar following tax and administrative hurdles the next year.
Thursday March 5, 2015
Sinha also said India has a very narrow tax base and there is a need to broaden it.