Service Tax News
12 new services to be in tax net
05 February 2008 at 20:1412 new services to be in tax netLower inflation may prompt a rates rise too. About a dozen new services are likely to be brought under the service tax net from fiscal 2008-09, even as the rate could be increased from 12 per cent. Last year, the gover
Service tax rate may remain unchanged
04 February 2008 at 13:43Budget 2008is likely to spare people a hike in the service tax rate. Under considerablepressure to deliver a people-friendly Budget, the government may leave theservice tax rate unchanged, though some more services like business classdomestic air tra
Service Tax Officer now may enter your premises
29 January 2008 at 09:38GOVERNMENT OF INDIAMINISTRY OF FINANCE DEPARTMENT OF REVENUE Notification No. 45/2007 - Service Tax New Delhi, 28.12.2007 G.S.R. (E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 94 of th
Ernst & Young and its associates booked by service tax department
30 October 2007 at 10:40Top 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
Injunction against ST on Rent of commercial Buildings
16 October 2007 at 13:22The 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
Tax refund to exporters on three more services!!!
08 October 2007 at 16:59(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
More service tax refunds possible for exporters
07 October 2007 at 20:30Here 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
Service tax refund fails to cheer exporters
22 September 2007 at 01:49NEW 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
'GIVE BLANKET SERVICE TAX EXEMPTION TO EXPORTERS'
19 September 2007 at 13:07It 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
TAX REFUND FOR EXPORTERS ON 4 SERVICES
18 September 2007 at 20:19The 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
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