Service Tax : Can Higher Education Courses be equated to ‘training and coaching’ in tax parlance? Taxing education sector has always...
Service Tax : From July 2012, Service Tax shall be levied on all services other than those enumerated in the negative list U/s. 66D of Finance A...
Service Tax : Services provided by an educational institution (as defined) to its students, faculty and staff are exempt under clause (a) of Not...
Service Tax : According to present clause 9(b) of exemption Notification No. 25/2012-ST dated 20-06-2012, exemption is provided from the levy of...
Service Tax : Notification No. 10/2017-Service Tax has been issued by Government so as to withdraw exemptions granted earlier to few specific Se...
Service Tax : Central Government has clarified that there is NO proposal in the Union Budget 2017-18 to levy 5% Service Tax on Healthcare Servic...
Service Tax : Availment of Exemptions Under section 93 of Finance Act, 1994, the Government is empowered to exempt generally or subject to such ...
Service Tax : Railway Minister Mamata Banerjee has sought an extension for the waiver on service tax on railway freight. Finance Minister Pranab...
Service Tax : The Labour and Employment Ministry has requested the Finance Ministry to keep Employees’ State Insurance (ESI) and Employees’ ...
Service Tax : Post the finance ministry's move to include eight new services such as domestic air travel and health under the ambit of service t...
Service Tax : whether the commissioner is correct in denying the benefit of SEZ unit on the basis that the registered office is situated in DTA ...
Service Tax : There is a considerable gap between the turnover on account of services as per the ITR/TDS data and the value of services declared...
Service Tax : Service Tax on Services provided by the specified organisations in respect of a religious pilgrimage facilitated by the Ministry o...
Service Tax : Circular No. 133 /2/2011 – ST A clarification has been sought as to the scope and meaning of the description namely ‘Janata Pe...
Service Tax : Notification No. 42/2009-Service Tax Govt. exempts the taxable service specified in sub-clause (zzb) of clause (105) of section 6...
Service Tax : Notification No.1/2009 – Service Tax Central Government, on being satisfied that it is necessary in the public interest so to d...
Excise Duty :- Notification No. 30/2010- Central Excise (N. T) dated December 21, 2010 has been issued for levy of excise duty on packaged or canned software on Retail Sale Price basis. • Entry 93A has been inserted in Notification No. 49
Taxable services provided by the small scale service provider were exempted from whole of service tax leviable there-on upto the aggregate taxable value Rs.4 lakhs in any financial year of vide Notification No.06/2005-ST dated 01.03.2005 (effective f
Railway Minister Mamata Banerjee has sought an extension for the waiver on service tax on railway freight. Finance Minister Pranab Mukherjee had earlier given a tax holiday to the Railways till December 31. Banerjee now wants the tax relief extended
The Labour and Employment Ministry has requested the Finance Ministry to keep Employees’ State Insurance (ESI) and Employees’ Provident Fund (EPF) schemes out of the ambit of service tax as they are social security schemes. “If the provisions of ser
Post the finance ministry’s move to include eight new services such as domestic air travel and health under the ambit of service tax from 1 July, the revenue department has clarified that payments made before that date for services yet to be delivered would be exempted from the tax.
The Central Government has issued notifications relating to advance receipts and exemptions in respect of Port, Other Port and Airport Services. 1. No service tax on advances received before July 1, 2010 in respect of new services and amendments made in existing services by the Finance Act, 2010
Starting next month, there will be no service tax on construction of some low-cost housing, power distribution, foreign travelers in transit, those flying to and from the Northeast, services within ports and airports, and certain tournaments and championships.
Following eight new services are proposed to be introduced: Services of promoting, marketing or organizing of games of chance, including lottery [Section 65 (105) (zzzzn)]. Health services, namely, health check up undertaken by hospitals or medical establishments for the employees of business entities; and health services provided under health insurance schemes offered by insurance companies.[Section 65 (105) (zzzzo)]
Life insurance companies want the current system of tax exemption for insurance maturity proceeds to be continued. The proposed Direct Taxes Code has suggested deduction of tax on the final payout, while exempting the policy premium at the time of contribution and the interest on it.
The life insurance industry wants service tax on fund management charges to be withdrawn, as is the case with mutual funds. The Life Insurance Council-the representative body of life insurers-will shortly make a presentation to the finance ministry urging the introduction of a uniform taxation platform for the life insurance sector.
