India Service Tax
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Most services to come under tax net from today
For the common man, already burdened by rising prices, changes in the service tax regime will bring in more gloom. The government is rolling out a new service tax regime from today, which is based on negative list concept.
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7 Kingfisher & 6 Air India bank accounts frozen
The service tax department has frozen the bank accounts of both Air India and Kingfisher Airlines. While the loss-making national carrier owes the department approximately Rs 100 crore, Vijay Mallya's airline owes approximately Rs 70 crore. This effectively means that while both the companies collected the service tax on the air tickets they sold f...
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Most services to come under tax net from today
For the common man, already burdened by rising prices, changes in the service tax regime will bring in more gloom. The government is rolling out a new service tax regime from today, which is based on negative list concept.
-
7 Kingfisher & 6 Air India bank accounts frozen
The service tax department has frozen the bank accounts of both Air India and Kingfisher Airlines. While the loss-making national carrier owes the department approximately Rs 100 crore, Vijay Mallya's airline owes approximately Rs 70 crore. This effectively means that while both the companies collected the service tax on the air tickets they sold f...
