On Thursday, the Reserve Bank Governor Urjit Patel said that to be implemented goods and services tax (GST) will not only create a national market but will also broaden the tax base which in turn will lower the overall taxes in the long-term. “The prudent point is that GST itself[Read More…]
Tag: Service tax
PM Modi reviews GST progress ahead of July 1 roll-out
On Monday, Prime Minister Narendra Modi, in view of the Goods and Services Tax (GST) said that the roll-out of the new indirect tax regime from July 1 will be a turning point for the economy. Notably, this was the first PM’s review on the freshly finalised rates by the[Read More…]
Service tax department issues notice to Sania Mirza
Indian star sportsperson, Sania Mirza has been summoned by the Service Tax department in connection with alleged non-payment or evasion of Service Tax. Principal Commissioner of Service Tax office here issued the notice on February 6 and the date to appear before it in person or by an authorised agent[Read More…]
Budget 2017: Service tax may increase to 18%
Service tax to be waived on card transactions up to Rs 2,000
Government will waive service tax on debit and credit card transactions of up to Rs 2,000 in a bid to promote digital transactions amid cash crunch following withdrawal of old Rs 500 and Rs 1,000 banknotes. The government has decided to “exempt services by an acquiring bank to any person[Read More…]