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
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
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.
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
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
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
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
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
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
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
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