16 January 2020, Thursday
What are Indirect Taxes? As the name suggests, indirect taxes are those that are not directly levied on the taxpayers but is indirectly levied on t ...
Friday, December 28, 2018, 9:50 AM
The Goods and Services Tax department said it has attached the bank accounts of Telugu superstar Mahesh Babu to recover service tax dues from him. According to a press-release issued by the Hyderabad GST Commissionarate, Mahesh Babu has not paid the Service Tax during 2007-08 for the taxable services he rendered as brand ambassador, appearance money and advertising for promotion of products among others.
29 June 2018, Friday
It’s a year since that great day when GST was launched across India. Prime Minister Narendra M ...
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).
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.
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.
Thursday, August 31, 2017, 7:09 PM
The government's efforts to spread awareness among people against paying a compulsory service charge at restaurants and fine dines seems to be yielding the expected results. A recent survey found that around 30 percent consumers did not pay the charge in the month of August, after the implementation of Goods and Services Tax, said the source.
Thursday, August 31, 2017, 12:10 PM
Bengaluru's garbage contractors called off the strike over their pending service tax on Tuesday after Bruhat Bengaluru Mahanagara Palike (BBMP) said that it would bear the tax arrears. While contractors alleged that the BBMP had not paid service tax amounting to Rs 200 crore from April 2014 to June 2017, the BBMP maintained the disposal contracts were exempted from the tax.
Friday, August 18, 2017, 8:13 PM
The Supreme Court today transferred to the Delhi High Court all petitions pending before various high courts relating to the challenge to the levy of service tax on senior advocates. A bench comprising Justices Madan B Lokur and Deepak Gupta allowed the plea filed by the Centre seeking transfer of all matters pending before different high courts on the issue to one high court.
Thursday, August 10, 2017, 8:14 PM
Opposition today expressed concern over increase in service charges and reduction of interest rate on savings bank account by the SBI, terming it anti-people and saying it will affect over 34 crore customers. Initiating a debate on the State Banks (Repeal and Amendment) Bill 2017, S P Muddahanumegowda (Cong) said nearly 34 crore people would be affected by the increase in minimum balance.
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