Service Tax News


'Service -Tax' to rope many traders and professionals

   06 September 2007 at 10:17

Service tax is a comparatively new concept and is said to be the tax of the future. For this reason, several service sectors seem to be experiencing future shock. A number of traders and professionals are uneasy with this new head to extract revenue

Posted in Service Tax |   3132 Views


OIL MINISTRY SOUGHT SCRAPPING OF 'SERVICE TAX' ::

   28 August 2007 at 19:07

The oil ministry has sought scrapping of service tax on exploration activities on the ground that spike in global rates for hiring rigs and other services such as geological data analysis have put huge pressure on domestic oil hunters even as they ar

Posted in Service Tax |   2961 Views


Servic e-Tax on 'Campus Recruitment' ::

   25 August 2007 at 09:10

The government made it clear on Thursday that educational institutes, including the Indian Institutes of Management (IIMs) and Indian Institutes of Technology (IITs), would have to pay service tax for providing campus recruitment to their graduates.

Posted in Service Tax |   4251 Views


MORE BUSINESSES COME UNDER SERVICE TAX NET ::

   24 August 2007 at 16:41

Sub-contractors in construction projects will now have to pay service tax. They will add to the various categories of small entities, which were so far not required to register themselves as service tax payers. While their taxable amount will not go

Posted in Service Tax |   4386 Views


Parliament rights enhanced..can levy service tax on CAs, architects: SC

   23 August 2007 at 16:58

The Supreme Court has held that Parliament is competent to levy service tax on chartered accountants, cost accountants and architects. "We hold that Parliament has legislative competence to levy service tax by way of impugned Finance Acts of 1994 and

Posted in Service Tax |   3216 Views


Retailers, real estate cos. challenge levy of service tax

   11 July 2007 at 08:56

NEW DELHI: Retailers, real estate developers and multiplex owners amongothers have moved the Bombay High Court challenging the levy of service taxon rental income from commercial properties.Pantaloon Retail, Trent, Aditya Birla Retail, Archies, CISCO

Posted in Service Tax |   3978 Views


No service tax on Life insurance Companies on 'fund management' fees !!

   08 July 2007 at 02:01

Life insurance companies are set to be spared of paying service tax on fund management fees. This is good news for policy holders investing in unit-linked insurance plans (Ulip) as they will not have to take a hit on their returns. The Central Board

Posted in Service Tax |   3099 Views


Clarification on technical issues on service tax

   24 June 2007 at 12:00

DRAFT CIRCULARCircular No. / /2007-ST New Delhi, dated - - July, 2007 F.No.354/28/2007-TRUGovernment of IndiaMinistry of FinanceDepartment of RevenueTax Research Unit Sub: Clarification on technical issues relating to scope and classification

Posted in Service Tax |   10287 Views


Procedural issues in Service Tax-clarification reg.

   24 June 2007 at 11:58

Draft Circular Circular No. / /2007 New Delhi, the July, 2007 F.No. 137/85/2007-CX.4 Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) *** Subject:- Procedural issues in Service Tax-cl

Posted in Service Tax |   5175 Views


Difficulties being encountered by Goods Transport Operators in complying with the provisions of Service Tax-reg

   24 June 2007 at 11:55

F.No. 137/89/2007-CX.4Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Excise and Customs)New Delhi, the 11th June, 2007Subject: Difficulties being encountered by Goods Transport Operators in complying with the provisions

Posted in Service Tax |   4668 Views