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service tax News

Service Tax revision to make digital content expensive: Here's how it will impact you

Finance Ministry's new Service Tax rule to add 15 per cent service charge on foreign digital services

Chandigarh: DM issues order to prohibit service charge

DM Joshi stated that the service charge, being without any sanction of law, is a restrictive/unfair trade practice and it must be discontinued in the public interest.

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April-July indirect tax collection up 37.6%

Service tax was hiked to 14 per cent from 12.36 per cent effective June this year while the excise duty was increased marginally to 12.5 per cent from 12.36 per cent in the Budget.

Foreign airlines under scanner for alleged Service Tax evasion

The airlines have been asked by the DGCEI to provide details like amount of Service Tax collected and paid under various heads, sources said.

Mobile, hotel, other services to be costlier as Service Tax goes up to 14 per cent

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.

E-comm biz with ‘aggregator models’ now to be taxable

This means companies like TripAdvisor, who act as aggregators, will have to pay the service tax, Mishra explained.

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Service tax hiked, use of cash cards, eating out to cost more

Packaged vegetables to get cheaper; life insurance scheme for elderly exempted.

Centre to give states Rs 25k cr to help push GST

Finance ministry is set to immediately release about Rs 25,000 crore to the states to make good their past losses on central sales tax (CST) revenue.

Budget gives service tax evaders provision to clear dues

Prior to the amendment, an interest rate of 13 per cent was charged for the delay in depositing the service tax.

'Welcome to the real world'

Government will maintain its majority holding in public sector banks even while raising new capital for the banks.

service tax Videos

Not Satisfied With Dining Experience? Now You Can Refuse To Pay Service Charge

New Year comes with good news for food lovers across the country! In the wake of a number of complaints from consumers that they are being forced to pay service charge in the range of 5-20 per cent, in lieu of tips, irrespective of the kind of service provided to them, the government has said […]

Government To Waive Service Tax On Debit, Credit Card Transactions Of Up To Rs 2,000

Government will waive service tax on debit and credit card transactions of up to Rs 2,000 in a bid to promote digital transactions amid cash crunch following withdrawal of old Rs 500 and 1,000 banknotes. Sources said the government has decided to “exempt services by an acquiring bank to any person in relation to settlement […]

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