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LIC gets Rs 2,050 crore service tax evasion notice

Sunday, June 17, 2018, 8:04 AM

The Life Insurance Corporation of India, the country's largest insurance company, has received an Rs 2,050-crore service tax notice from the Directorate-General of Goods & Services Tax Intelligence. Tax officials said the notice was issued by the DGGI's Kolkata zonal office for alleged "suppression of facts with intent to evade payment of service tax" on forfeited policies (policies discontinued because of non-payment of premium).
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Number of people not paying service charge has increased: Survey

Tuesday, February 13, 2018, 7:18 PM

The number of people who did not pay/refused to pay the service charge at restaurants has increased, according to a recent survey that revealed a hike in the number to 37% in January from 35% in November. The survey, conducted by Local Circles a social-engagement-platform said it interviewed 8,013-people , who visited air-conditioned restaurants in January, for their experience with the service charge.
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Trai proposes licensing & tax reforms

Saturday, February 3, 2018, 1:31 PM

The telecom regulator has suggested a simplification of licensing and regulatory frameworks besides rationalisation of high taxes and levies by 2019 to attract $100 billion of investment by 2022, as much as $60 billion of this in the next two years itself. Telecom Regulatory Authority of India has also backed a review of licence fees, spectrum usage charges and the Universal Service Obligation Fund.

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