Service Tax

Tuesday, Apr 23, 2024 | Last Update : 01:20 PM IST

According to the Budget documents, the proposed scheme covers past disputes of taxes which have got subsumed in GST.

Budget 2019: Amnesty scheme for excise, service tax cases to unlock Rs 3.75 lakh crore

The relief proposed under scheme varies from 40 pc to 70 pc of the tax dues for cases other than voluntary disclosure cases.

05 Jul 2019 3:26 PM

The tax department has slapped ONGC Videsh Ltd a service tax demand of Rs 7,666.10 crore on remittance the firm makes to its overseas subsidiaries for past one decade, sources in know of the development said.

ONGC Videsh Ltd slapped with Rs 7,666 crore service tax demand

The service tax department had first issued a demand cum show-cause notice on October 11, 2011.

23 Sep 2018 12:52 PM

About 1,800 businesses that were registered under the earlier VAT and service tax regime have applied for migrating to the GST regime.

About 1,800 businesses opt for migration to GST regime

Currently, over 1.15 crore businesses are registered under the GST regime.

03 Sep 2018 3:39 PM

Amit Upadhyay (40) and Asad Anwar Sayed (42) were sent to judicial custody for 15 days by a local court, a GST official said. (Representational image)

GST evasion of Rs 300 crore detected

The DGGSTI fears that the suspected tax evasion scam will be bigger than it seems.

22 May 2018 1:49 AM

Chandrashekhar was speaking to reporters after a meeting between IT industry and the Finance Minister Arun Jaitley on Monday on pre-budget consultations.

Got assurance on resolution of tax notice issue: Nasscom

Govt is withdrawing or amending reported Rs 10,000 crore demand notices served to some 200 companies.

12 Dec 2017 10:37 AM

Unorganised section in the steel industry may face a little pain post GST rollout.

'Unorganised steel players may face problem post GST rollout'

Unorganised sector will have to go through a learning cycle to adapt the new tax structure.

30 Jun 2017 8:16 PM

A majority of wholesale grain, pulse and other commodity shops were shut in Naya Bazar.

Grain traders protest against 5 pc GST, shut shops

Branded grains, rice, sugar and atta will be levied five per cent GST.

30 Jun 2017 2:58 PM

GST rate for crop protection products needs to be reassessed and reduced from 18 per cent to the lowest denominator possible. (Representational image)

Reduce GST on crop protection chemicals: CropLife India

Crop protection products are being taxed higher when compared to other agri-inputs.

30 Jun 2017 2:45 PM

Customers currently pay 15 per cent service tax for such services.

GST: Credit card bill, insurance premium to get costlier

GST will be levied at the rate of 2.25 per cent on premium payment for endowment policy.

20 Jun 2017 6:33 PM

Fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council.

Daily use products, LPG to become cheaper under GST

The Council is scheduled to meet on June 18 to finalise e-way rules and anti-profiteering norms.

16 Jun 2017 10:02 AM

The Council in its 14th meeting on May 18-19 decided to set up these sectoral groups to better understand industry concerns as India moves towards the GST.

GST Council forms 18 groups to sort out industry worries

Groups will highlight specific issues for the smooth transition of the respective sector to the GST regime.

09 Jun 2017 2:13 PM

Microsoft will provide a platform for customers to comply with the goods and services tax requirements and EasemyGST will integrate the products. (Photo: AP)

EasemyGST, Microsoft in pact to help SMEs get GST compliant

Any business subscribing to the EasemyGST solutions will just have to maintain a spreadsheet of their purchases and sale.

24 May 2017 5:07 PM

This is a welcome move as the higher taxes on aviation turbine fuel will continue with fuel remaining outside the ambit of GST.

Aviation sector earnings set to fly high in Q1 FY18

Service tax on economy class air travel has been lowered from 6 per cent to 5 per cent under the GST regime.

22 May 2017 7:04 PM

Entertainment tax will be merged with service tax under the GST and a composite 28 per cent levy will be charged on cinema services.

Theme park visit to attract 28 per cent GST

GST Council over the two-day meeting on May 18-19 has decided to retain majority of the exemptions.

20 May 2017 12:28 PM

The state has also promised to compensate local bodies every month on the 5th day.

Special GST session from today

Govt will table 3 bills for smooth implementation of the state GST.

20 May 2017 2:27 AM

Union Finance Minister Arun Jaitley with MoS Santosh Gangwar and Reneue Secretary Hasmukh Adhia addressing a press conference on the firsrt day of the 14th Goods and Services Tax (GST) Council at SKICC in Srinagar. (Photo: PTI)

GST rates set for most items, gold meet today

Under the new tax, rates will range from 5 to 28 per cent, with 12 per cent and 18 per cent being the standard rates.

19 May 2017 4:40 AM

There are a total of 80 lakh VAT, excise and service tax assessees.

Only 34 per cent service taxpayers move to GSTN

Over 75 per cent of VAT and 73 per cent of the central excise assessees have switched to the GST.

27 Apr 2017 11:51 AM

Paswan further said that restaurant or hotel owners should let the customer decide what amount they want to pay. (Photo: File)

Illegal to impose service tax mandatorily: Ram Vilas Paswan

The Union Minister said that the customer has the right to approach Consumer Affairs department if they are forced to pay such charges.

23 Apr 2017 4:49 PM

Prime Minister Narendra Modi. (Photo: AP)

GST great illustration of cooperative federalism: PM

GST, the biggest taxation reform since Independence, will subsume central excise, service tax, Value Added Tax.

23 Apr 2017 4:46 PM

In Mumbai and its periphery the construction of smaller houses had come to a stand still and builders mostly concentrated on large homes. (Representational Image)

One-BHK could be back in Mumbai

A one BHK flat normally comes under 30 square metres in the affordable segment.

02 Feb 2017 5:32 AM

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Aakar Patel

service tax