Press Trust of India | Sunday July 5, 2015
A CAIT delegation led by National Secretary General Praveen Khandelwal on Saturday met Finance Minister Jaitley and put forth their reservations over the proposed GST and the complexities its presents.
Telangana News | Indo-Asian News Service | Saturday June 27, 2015
The Telangana government has urged the Centre to intervene and direct the Reserve Bank of India to credit back Rs.1,274 crore to the state's account as the money was transferred "illegally" to the income tax department.
World News | Adam Liptak, The New York Times | Friday June 26, 2015
The Supreme Court ruled Thursday that President Barack Obama's health care law allows the federal government to provide nationwide tax subsidies to help poor and middle-class people buy health insurance, a sweeping vindication that endorsed the large...
Indo-Asian News Service | Wednesday June 24, 2015
The entertainment tax officer has also advised the theatre owners to show precaution and not plan for the film in the city of Muzaffarnagar
Thursday June 18, 2015
The Upper House will take up for the passage in the ensuing Monsoon session of Parliament the Constitutional Amendment Bill for rollout of GST in place of all indirect taxes, once the Select Committee gives its report.
Wednesday June 17, 2015
Committee formed under the Finance Ministry's Chief Economic Advisor would "recommend possible tax rates under GST that would be consistent with the present level of revenue collection of Centre and states," a statement said.
Indo-Asian News Service | Wednesday June 17, 2015
"The UP government has made our film tax free because the core theme of our film passionately raises the issue of women's empowerment," Mahesh Bhatt said
Monday June 15, 2015
Billionaire Anil Agarwal-led mining firm Vedanta Ltd will ultimately be held accountable for Cairn India's $3.2-billion (Rs 20,495 crore) tax liability after it absorbs the cash-rich oil firm, Moody's Investors Service said on Monday.
Monday June 15, 2015
With most states on board, the Empowered Committee of State Finance Ministers on GST will submit its views tomorrow to the Parliamentary panel looking into the Constitutional amendment bill for introduction of new indirect tax regime.
India News | Indo-Asian News Service | Friday June 12, 2015
Tax payers have a right to know about the quality of judges, the central government told the Supreme Court this Friday. A five judge constitution bench is hearing hearing arguments on the constitutional validity of the National Judicial Appointment C...
India News | Indo-Asian News Service | Wednesday June 10, 2015
Restaurants without air conditioning facility will not charge any service tax from their customers while those with ACs will charge only on the 40 per cent of the total bill amount, the finance ministry said on Tuesday.
Tuesday June 9, 2015
At present, Service Tax is chargeable on services provided by restaurants, eating-joints or messes which have the facility of air-conditioning or central air-heating in any part of the establishment at any time during the year in relation to serving ...
Indo-AsianNews Service | Saturday June 6, 2015
The charges arose from the player's controversial trade from Brazilian team Santos to the Spanish club for an undisclosed sum, Brazilian weekly magazine Epoca reported in its Friday edition.
PTI | Thursday June 4, 2015
The effective incidence of service tax on food bill in air conditioned restaurants will go up to 5.6 per cent as against 4.94 per cent previously, a senior finance ministry official said today.
Wednesday June 3, 2015
Air conditioned hotels and restaurants attract a service tax on 40 per cent of the billed amount. At old service tax rate, the effective rate of taxation came to 4.94 per cent of the food bill and at the higher rate of 14 per cent it comes to 5.6 per...
Tuesday June 2, 2015
Similarly, getting a new PAN shipped outside India will entail an additional expenditure of Rs 14 at Rs 985 from the earlier Rs 971 for the same.
Press Trust of India | Monday June 1, 2015
Increased service tax rate of 14 percent comes into effect from June 1.
Sunday May 31, 2015
Finance Minister Arun Jaitley in his Budget had proposed to raise service tax from 12.36 per cent (including education cess) to 14 per cent. The proposal takes effect from June 1. The tax is levied on all services except a small negative list.
India News | Press Trust of India | Monday June 1, 2015
People will have to shell out more from tomorrow while using mobiles, eating out and travelling as the service tax rate goes up to 14 per cent.
Saturday May 30, 2015
While the increase in passenger fare is applicable on AC and First Class only, service tax will be levied on all goods transported by Railways.
Diaspora | Indo-Asian News Service | Thursday May 28, 2015
A New Zealand court on Thursday sentenced Indian-origin restaurant owners to eight months' home detention over four charges of tax evasion.
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.