Tag: Service Tax

General news

FinMin warns tax officials of action against GST protest

New Delhi: In the run up to GST rollout, the finance ministry has warned tax officials of disciplinary action if they go ahead with planned protests, including taking mass casual leave, on the budget day. The All India Association of […]

Pension

Changes in National Pension System (NPS)

Changes in National Pension System (NPS) The Government has proposed the following in the Finance Bill, 2016 with regard to the National Pension System (NPS): i. Allowing 40 per cent of the NPS corpus tax exempt on lump sum withdrawal. […]

EPFO

Measures for moving towards a pensioned society

Measures for moving towards a pensioned society While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that pension schemes offer financial protection to senior citizens. He proposed to make withdrawal up […]

Employees News

Government may hike service tax to 16%: Budget 2016

To shore up its revenues in order to spend more, the government may increase service tax to 16 percent from the current 14 percent, a move that would make many services costlier, according to a report by business news channel […]

General news

Government Sets 5-Day Timeline for 80% Service Tax Refund

New Delhi: Seeking to fast-track service tax refund to exporters, the Central Board of Excise and Customs (CBEC) on Tuesday fixed a timeline for 80 per cent payment of the total amount claimed. “On the receipt of the document… in […]

Income Tax

Service Charges Collected by Restaurants/Hotels/Eateries Retained by the Restaurants/Hotels/Eateries and are Not ‘Service Tax’ Imposed by the Government

Service Charges Collected by Restaurants/Hotels/Eateries Retained by the Restaurants/Hotels/Eateries and are Not ‘Service Tax’ Imposed by the Government Ministry of Finance Press Information Bureau Government of India 14-July, 2015 Some restaurants/hotels/eateries besides charging for the food and beverages are also […]

Income Tax

Clarification Issued in the Matter of Service Tax

Clarification Issued in the Matter of Service Tax; Only Air-Conditioned or Air-Heated Restaurants to Pay Service Tax; Restaurants, Eating-Joints or Messes Which Do Not Have the Facility of Air-Conditioning Or Central Air-Heating in Any Part of the Establishment are Exempt […]

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