Top Tax Advisory Firm Ernst & Young and its associates booked by service tax department and issued Show Cause Notices for Service Tax evasion of over Rs. 8 Crores October, 26th 2007 Ernst & Young is advising over 400 MNCs on service tax matters.MNCs
The Madras High Court has granted an interim injunction restraining the Union Finance Ministry from collecting service tax on rent of commercial buildings following a petition filed by General Star Kitchen Pvt Ltd, which operates a restaurant in Chen
(PTI) Government today notified refund of tax paid by exporters on three additional services of general insurance, technical testing and analysis, and inspection and certification -- a move that will provide much- needed respite to businesses hit by
Here is something to cheer up exporters. The finance ministry is ready to include more items in the list of services for which exporters are to be refunded service tax. In addition to just four services notified by the finance ministry last month to
NEW DELHI: The finance ministry has approved a list of services, including port-based and transport services, for which exporters will be refunded service tax. While the notification has come at a time when exporters are looking forward to all possib
It is an ideal feature of any good taxation system that in export transactions only goods or services should be exported and not the taxes embedded in it. Keeping with this principle, the government has been time and again providing incentives to exp
The Finance Ministry on Monday made the first ever move to refund service tax paid by exporters on non-input services. The refund will now be available on four identified transport and port services that could be linked to export goods. Services offe
Finally, the clouds of uncertainty over levying of service tax have disappeared from the minds of realty consumers and developers. According to a ruling by the Union Finance Ministry, the developers have been exempted from the service tax net, which
NEW DELHI: Clearing houses, stock exchanges and commodity exchanges have something to cheer about. Service tax would not be levied on the transaction charges collected by the bodies from their members. The Central Board of Excise & Customs (CBEC), in
SERVICE TAX RELIEF FOR HOME BUYERSThousands of property buyers who have paid service tax on theresidential apartments/flats they have purchased now have somethingto cheer about. The Union finance ministry has issued the much-awaited clarification exe
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