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Budget 2017 Wishlist: Travel and tour operators seek tax sops for inbound tours

Budget 2017 Wishlist: Travel and tour operators seek tax sops for inbound tours

Expecting attractive sops from the impending union budget, travel and tour operators have asked the government to exempt service tax on foreign exchange earned on inbound tours in the upcoming Budget.

Jaitley looks to break deadlock at GST meeting on Monday

Jaitley looks to break deadlock at GST meeting on Monday

Finance Minister Arun Jaitley will tomorrow look to break the deadlock over distribution of powers between centre and states to administer GST, an issue that is holding up launch of the new national sales tax from April.

Service tax in restaurants is not legitimate, says government

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Don’t eat if you don’t want to pay service charge, says restaurants’ body

Don’t eat if you don’t want to pay service charge, says restaurants’ body

NRAI issued a statement stating that customers were free not to eat at a restaurant if they did not wish to pay the service charge levied by it.

Service charge in restaurant is not compulsary

Service charge in restaurant is not compulsary. Watch this special segment and get to know more here.

Eating at restaurants, hotels to be cheaper; govt says service charge on bill not compulsory

Eating at restaurants, hotels to be cheaper; govt says service charge on bill not compulsory

Customers dissatisfied with service at any hotel or restaurant can opt to seek that service charge not be levied, as this is optional or discretionary as per the Consumer Protection Act, an official statement said on Monday.

Restaurants, hotels bills set to be cheaper; govt says consumer has discretion on paying service charge

Restaurants, hotels bills set to be cheaper; govt says consumer has discretion on paying service charge

Hotel Association of India has clarified to the Department of Consumer Affairs that service charge paid by consumers in hotels and restaurants is optional and it is the consumers discretion whether he would like to pay the charge or not.

Booking train tickets online become cheaper as railways waive off service tax

Booking train tickets online become cheaper as railways waive off service tax

In a move to encourage cashless transaction following the demonetisation of Rs 500 and Rs 1000 notes, the government has waived off the service tax for online booking of train tickets via the IRCTC website.

ONGC, Cairn India face Rs 730 crore service tax on royalty payments

ONGC, Cairn India face Rs 730 crore service tax on royalty payments

In a setback to energy firms like ONGC and Cairn India, the government will from this fiscal levy service tax of about Rs 730 crore on royalties they pay to the exchequer on oil and gas they produce.

Five sets of GST draft rules approved by Council: Finance Minister

Five sets of GST draft rules approved by Council: Finance Minister

 Five sets of draft rules relating to registration, payments, returns and refunds under the Goods and Services Tax (GST) regime were approved by the GST Council here on Friday, Finance Minister Arun Jaitley said.

Service tax should be shared with railways: Parl panel

Service tax should be shared with railways: Parl panel

A Parliamentary Panel has suggested sharing with Railways the service tax paid on passenger fares on specified classes and freight which is collected by Finance Ministry and pursuing the matter vigorously with the authorities concerned.

Indirect tax collections up 30% to Rs 2.71 lakh crore till July

Indirect tax collections up 30% to Rs 2.71 lakh crore till July

Indirect tax collections rose by 29.9 percent during April-July period of the current fiscal to Rs 2,71,719 crore, mainly due to impressive growth in central excise duty mop-up.

These bollywood movie makers, superstars have been issued service tax notices by CBEC –Know

These bollywood movie makers, superstars have been issued service tax notices by CBEC –Know

Seeking to strengthen compliance and verification, the CBEC issued  notice to top bollywood movie-makers and actors asking them to divulge the details of their income.

The earlier GST Bill is passed, the better for states: FM Jaitley

The earlier GST Bill is passed, the better for states: FM Jaitley

Government on Tuesday urged the Rajya Sabha to pass the GST bill expeditiously to enable states get a share of the Service Tax which is not shared under the provisions of 14th Finance Commission.

Buying a car becomes costlier in India, again!

Buying a car becomes costlier in India, again!

The GDP might be ‘climbing,’ but so are the grain prices; even fuel rates are going through the roof and it’s now time for car buyers to bear the brunt of the Modi government’s policies, again.

 

Cars, air travels, garments, phones, eating out get costlier: Check out the full list

Cars, air travels, garments, phones, eating out get costlier: Check out the full list

With a some of service tax proposals announced during the Union Budget 2016-17 coming into effect from today (June 1), a series of products and services such as cars, cigarettes, branded garments and air travels have also become costlier.

Cash purchase of goods, services over Rs 2 lakh to attract 1% tax

Cash purchase of goods, services over Rs 2 lakh to attract 1% tax

Payment in cash for buying goods and services worth more than Rs 2 lakh with the exception of jewellery will attract 1 percent tax collected at source (TCS) from Wednesday.

Tax Authority extend last date for filing Service Tax 3 form

The last date for filing of Service Tax-3 form has been extended to April 29 in face of difficulties faced by tax payers with regard to Automation of Central Excise and Service Tax (ACES) website by the tax authorities

Service tax dept to auction Mallya's aircraft 'very shortly'

Service tax dept to auction Mallya's aircraft 'very shortly'

The service tax department will "very shortly" auction liquor baron Vijay Mallya's aircraft to recover dues estimated at nearly Rs 535 crore, a senior finance ministry official said on Saturday.