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Govt extends service tax return filing date to Apr 30

The Centre has extended the last date for filing service tax return by five days to April 30, in a relief to lakhs of service providers.

Centre, states taxmen to decide services rate in GST this week

Centre, states taxmen to decide services rate in GST this week

Tax officials of the central and state governments will this week hold their maiden meeting on devising a formula for tax rate to be levied on services under the Goods and Services Tax (GST) regime from July 1.

Service tax to move up from 15% to 18% under GST: Hasmukh Adhia

Services sector is likely to attract a higher tax rate of 18 percent from the current 15 percent under the Goods and Services Tax (GST) regime.

Govt exceeds FY17 tax collection target at Rs 17.10 lakh cr

Govt exceeds FY17 tax collection target at Rs 17.10 lakh cr

The government has exceeded the tax collection estimates for 2016-17 fiscal at Rs 17.10 lakh crore.

 

 SBI announces penalty for non-maintenance of minimum balance from April 1

SBI announces penalty for non-maintenance of minimum balance from April 1

Making it compulsory for account-holders to maintain a minimum balance, the State Bank of India (SBI) said on Thursday said it will be charging defaulters a penalty from April 1 onwards.

Budget 2017: FM Arun Jaitley may hike service tax to 16-18%

Budget 2017: FM Arun Jaitley may hike service tax to 16-18%

As a precursor to the Goods and Services Tax (GST) rollout, Finance Minister Arun Jaitley is likely to hike service tax to 16-18 percent from the present 15 percent in the upcoming budget.

Travel, eating out, mobile bills likely to get more expensive from April 1

Travel, eating out, mobile bills likely to get more expensive from April 1

Whatever good or bad news the Budget 2016-17 may roll out for common man, but what seems likely that service tax rate will move up from the existing 15 percent) inclusive of Krishi Cess and Swach Bharat Cess).

Finance minister may make big changes in service tax

Finance minister may make big changes in service tax. Watch this special segment and get to know more here.

GDP may slow down if GST implemented in hurry: Tax officials to FM

GDP may slow down if GST implemented in hurry: Tax officials to FM

Claiming that demonetisation has affected country's growth, a major central revenue body has asked Finance Minister Arun Jaitley not to implement Goods and Services Tax (GST) in a hurry and threatened to take legal recourse in case their concerns are not addressed.

Rail fares, eating out, mobile bills likely to get more expensive from April 1

Rail fares, eating out, mobile bills likely to get more expensive from April 1

Whatever good or bad news the Budget 2016-17 may roll out for common man, but what seems likely that service tax rate will move north  from the existing 15 percent( inclusive of Krishi Cess and Swach Bharat Cess).

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.