SERVICES TAX

  • Goods and Services Tax bill to be tabled in winter session 5 days ago

    New Delhi: Showing clear intent in reforming India's indirect tax regime within a time frame, Finance Minister Arun Jaitley Monday said the government would bring in the Goods and Services Tax (GST) bill in the upcoming winter session of parliament. The finance minister made the announcement at the Citi Bank Investor...
  • PM Modi gives approval for introducing Goods and Services Tax reform September 16, 2014

    New Delhi: Prime Minister Narendra Modi has given the approval for going ahead with the biggest tax reform initiative the Goods and Services Tax. The government will now try to introduce the Constitutional Bill for GST in the Winter Session of Parliament. The government has decided to make a...
  • Jayalalithaa writes to PM Modi on proposed amendment to GST law, says it will weaken states' finances August 18, 2014

    New Delhi: Tamil Nadu Chief Minister J Jayalalithaa on Monday wrote to Prime Minister Narendra Modi over the proposed amendment to the Goods and Services Tax legislation saying that the amendment was unfair to the states and would weaken state finances further. The Chief Minister has demanded the exclusion of...
  • Government hopes to finalise GST contours this year: Arun Jaitley July 10, 2014

    New Delhi: Committing to expeditiously rolling out Goods and Services Tax (GST), Finance Minister Arun Jaitley on Thursday said a solution to the issues relating to the comprehensive indirect tax regime may be finalised in the current year itself. "I do hope we are able to bring a final solution in...
  • Budget 2014: Arun Jaitley pushes for GST, calls for a conclusion soon July 10, 2014

    New Delhi: Finance Minister Arun Jaitley on Thursday gave a push to the Goods and Services Tax and indicated its implementation soon. During his Budget 2014 speech, Jaitley said that it is time to end the confusion over GST. Jaitley said that the government hopes to bring a conclusion on the...
  • Arun Jaitley keen to meet state FMs to push GST May 28, 2014

    New Delhi: Keen to push the Goods and Services Tax (GST), Finance Minister Arun Jaitley on Wednesday expressed desire to hold an early meeting with the state finance ministers. He also asked revenue officials to appraise him of the developments on the GST through a separate presentation on the issue, sources...
  • Pained to hear baseless news about me: Malayalam actor Dileep December 25, 2013

    Kochi: Malayalam actor Dileep Tuesday said he was pained at hearing 'baseless news' about foreign currency being recovered after his house and offices were raided by excise and service tax officials. "I was really pained to hear some TV channels air such news about me. I am a person who has...
  • Malayalam actor Dileep not paying service tax December 22, 2013

    Kochi: Raids at the home and offices of Malayalam actor Dileep Saturday revealed that he has evaded payment of service tax, said central excise and service tax officials. The over 12hour raid that began Saturday morning took place at multiple places, including his residence near here, and offices that are into...
  • FM exhorts service tax defaulters to come clean November 14, 2013

    Asking service tax defaulters to take advantage of the amnesty scheme, Finance Minister P Chidambaram, on Thursday, said the government could not have come out with a better offer for them to come clean. Addressing industry chambers the Minister said the revenue department has so far received 6,409 applications, of which...
  • Singer Adnan Sami is under service tax scanner October 19, 2013

    Mumbai: In further trouble for Adnan Sami after the visa row, the Service Tax department has issued the Pakistani singercomposer summons asking him to appear on Monday for questioning in connection with alleged tax evasion. Sources in the Service Tax department today said they booked a case against the musician on...
  • I am not a tax evader, says Kapil Sharma September 29, 2013

    Mumbai: Comedian Kapil Sharma, who was recently questioned by the Service Tax department for alleged nonpayment of tax amounting to nearly Rs 60 lakh, today said that he is not "a tax evader". "I am very upset with reports saying that I am a tax evader....
  • Difficulties on GST, but will be in place by 2014: PM May 29, 2013

    Tokyo: Prime Minister Manmohan Singh on Tuesday acknowledged that there are difficulties with some state governments over the implementation of the Goods and Services Tax (GST) but said that he is confident it would be implemented in "an appropriate type" by 2014. "The objective of the Indian government is to move...
  • Restaurants bandh: More than 20,000 eateries shut across Mumbai April 29, 2013

    Hotels and restaurants across the country are on a oneday token strike to protest against what they call excessive taxation announced in the Union Budget. ...
  • Mumbai eateries go on strike against new service tax April 29, 2013

    Mumbai: Around 20,000 hotels, restaurants, licenced tea and snacks outlets as well as ubiquitous vadapaav stalls in Mumbai go on strike to protest the new service tax (ST). "In Mumbai, around 18,00020,000 hotels and restaurants have expressed solidarity with the move to protest the new ST on fully or partly...
  • DTC bill will be introduced in Budget session: FM March 9, 2013

    New Delhi: Finance Minister P Chidambaram on Saturday said the government wants to introduce the Direct Tax Code (DTC) bill in the Budget session of Parliament. He also said that Goods and Service Tax (GST) would become a reality within 2013, if all state governments come on board. "We are working...
  • GST will happen, is in India's interest: Montek March 2, 2013

    New Delhi: Deputy Chairman of the Planning Commission Montek Singh Ahluwalia said he is hopeful that the much delayed Goods and Services Tax (GST) will be implemented across the country no later than next year while speaking to Karan Thapar on Devil's Advocate. Below is an excerpt of the interview: Karan...
  • Hotels and restaurant owners want service tax rolled back February 28, 2013

    New Delhi: Hotels and restaurant owners on Thursday asked Finance Minister P Chidambaram to roll back the service tax proposed on all air-conditioned restaurants. "The Finance Minister should reconsider it. This will have a very bad impact on the hospitality industry," Federation of Hotel & Restaurant Associations of India (FHRAI)...
  • Govt to release Rs 9,000 cr to states in CST compensation February 28, 2013

    New Delhi: The government on Thursday said it will release Rs 9,000 crore as the first instalment of compensation for losses incurred by states due to reduction in the Central Sales Tax rate, a precondition for the rollout of GST - the indirect taxes regime. It also expressed the hope...
  • Union Budget 2013 to decide market course ahead: Experts February 25, 2013

    The stock market is likely to witness high volatility this week as investors are treading the cautious path ahead of the Union Budget 2013-14, experts say. Market players said the short-term momentum is clearly negative for the market as market participants are cautious ahead of the Union Budget and are...
  • If I were FM: Introduce GST at the earliest, say people in Mumbai February 25, 2013

    In the countdown to the Union Budget 2013, CNN-IBN met people across the country to get their views on what they want from the Finance Minister. ...
  • If I were FM: People in Ahmedabad want service tax reduced to 10 pc February 23, 2013

    In our countdown to Union Budget 2013, we met people across the country to get their views on what they want from FM. ...
  • I and B ministry supports actors against service tax January 19, 2013

    Mumbai: The information and broadcasting ministry said Friday it would support the film fraternity's protest against the government's decision to levy service tax on actors. "We are with the industry and will support them entirely," I&B secretary Uday Kumar Verma told reporters in Mumbai. "We are in the process of speaking to...
  • Akshay: Service tax will affect independent producers January 16, 2013

    Mumbai: The government's decision to levy 12.36 percent service tax on film and television actors is taking a toll on the industry, says Bollywood star Akshay Kumar, adding it has forced independent producers to stop making movies. "A lot of films are closing because of this (service tax)... and due to...
  • Bollywood producers to discuss service tax issues January 16, 2013

    Mumbai: Several Bollywood producers will hold a meeting here tomorrow to discuss the issue of service tax levied by the Centre on artistes and take up the matter with the government. The Centre's decision is effective from this month and film and TV actors will be charged 12.36 per cent service...
  • Bollywood likely to go on strike over service tax January 15, 2013

    Mumbai: Bollywood is likely to call for a strike to protest against the government's decision to levy 12.36 percent service tax on film and television actors. "We are in a process of deciding that if we have to call for a shut down. It's not our choice, we are compelled to...
  • Tax evasion of Rs 362 crore detected from Chennai zone January 13, 2013

    New Delhi: Excise duty and service tax evasion of about Rs 362 crore has been detected up to December in the current financial year by the Chennai zonal unit of Central excise department. "During the current financial year (up to December 2012), the Directorate General Of Central Excise Intelligence, Chennai...
  • Service Tax Dept issues notice to KFA, impounds aircraft January 10, 2013

    Mumbai: In more trouble for beleaguered Kingfisher Airlines, Service Tax Department has issued a notice to the carrier, "impounding" all its aircraft, department sources said on Thursday night. According to the notice, the airline cannot fly outside the registered airport premises. The grounded airline owes around Rs 190 crore to the...
  • Rajinikanth lends support to Tollywood's strike against service tax January 8, 2013

    Tamil film industry shut down on Monday after film industry members went on a daylong hunger strike in Chennai to protest against the service tax levied by the Centre and demanded the Centre scrap it completely. Meanwhile, film and television shooting was suspended for the day and theatres also remained...
  • Tamil film industry on a strike against service tax January 7, 2013

    Chennai: The Tamil film industry was shut down on Monday due to a daylong hunger strike in Chennai to protest against the service tax levied by the Centre. They are demanding the tax be scrapped. Tamil superstar Rajinikanth also gave his support to the protest. "If there's a tough law to...
  • Coalgate, CWG tax evasion probe kept CVC busy in 2012 December 29, 2012

    New Delhi: The Central Vigilance Commission acted on a number of corruption cases and directed CBI probe in coal blocks allocation scam and recovery of about Rs 1,000 crore tax evasion in Commonwealth Gamesrelated works on 2012, besides other antigraft measures. The probity watchdog was also chosen to head a...