“Outdoor caterer” means a caterer engaged in providing services in connection with catering at a place other than his own but including a place provided by way of tenancy or otherwise by the person receiving such services. “Taxable service” means any service provided or to be provided to any person, by an outdoor caterer.
Storage and Warehousing Services means any service provided or to be provided to any person, by a storage or warehouse keeper in relation to storage and warehousing of goods. “Storage and warehousing” includes storage and warehousing services for goods including liquids and gases but does not include any service provided for storage of agricultural produce or any service provided by a cold storage.
Steamer Agent’s Services means any service provided or to be provided to a shipping line, by a steamer agent in relation to a ship’s husbandry or dispatch or any administrative work related thereto as well as the booking, advertising or canvassing of cargo, including container feeder services.
As per clause (zr) of section 65(105), service tax is leviable on any service provided to any person, by a cargo handling agency in relation to cargo handling service. The argument of the Appellant is that they could never understand that they were a cargo handling agency because they are in the business of warehousing of goods for which they were already paying service tax. This was a service provided by the contractors and the charges were recovered from the customers who use such services. But as a corporation owned by the Rajasthan State they did not want to enter into dispute on this issue with the Union of India and as soon as the issue was pointed out to them they started paying tax for the charges collected by them and paid to their contractor who was providing the service.
India is sitting on unused foreign aid of over Rs. 1 lakh crore reflecting inadequate planning by ministries like urban development, water resources and energy, a report by government auditor Comptroller and Auditor-General of India (CAG) has said. “As on March 31, 2010, unutilised committed external assistance was of the order of Rs.1,05,339 crore,” the CAG said in its report tabled in Parliament on Friday.
India’s foreign exchange reserves declined by $755 million to $301.84 billion on the back of a reduction in foreign currency assets (FCAs) for the week ended March 11. The reserves had surged $1.8 billion the week before to $302.59 billion. FCAs, the biggest component of the foreign reserves, declined by $705 million for the week ended March 11, the Reserve Bank of India (RBI) said in its weekly data released this evening.
From the desk of Chairman,CBDT S.N. 23 /March 19 ,2011 . Our COMMITMENT to issue all refunds. CONFIDENT THAT THE FIELD DOES NOT WANT CBDT TO FAIL? Progress of issue of refunds is far below expectations. All officers are once again advised to necessarily issue all pending refunds of AYs 09-10 & 10-11 by March 28 2011. This is going to be one of the significant criterion’s in judging the performance of the CCITs & CITsduring the FY 10-11.
India’s tax revenue for 2010-11 has shown healthy growth till March 12 this year, which jumped around 26 per cent over the corresponding period and the government was expecting to end the year with similar growth in mop up. The total tax collection till March 12 of the current fiscal has shown a growth of around 26 per cent over 2009-10 and for the year the trend is likely to be maintained, Revenue Secretary Sunil Mitra said here today at CII annual regional meet.
“Vodafone Group’s position has not changed with regard to the tax case and we continue to believe that there is no tax to pay on this transaction…Vodafone will continue to defend its position vigorously and will look forward to the matter being reviewed in full by the Supreme Court on July 19,” Vodafone said in a statement.
Asserting that the new healthcare levy is not new and will not hurt the common man, the Central Board of Excise and Customs (CBEC) today said the idea was mooted because insurance companies’ tactics resulted in lower collection. Finance Minister Pranab Mukherjee in Budget 2011-12 proposed levying 5 per cent tax on all services provided by private hospitals having at least 25 beds with central air-conditioning facility and also on all diagnostic tests.
