SERVICES TAX

  • 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...
  • Full text: Kingfisher's response to Mumbai service tax dept December 11, 2012

    The Mumbai service tax department has begun impounding Kingfisher Airlines' aircraft. One aircraft has been seized and another is in the process of detention. The Deputy Commissioner, Service Tax had sent an order a few days back to Kingfisher that the seven aircraft of the airline in Mumbai will be...
  • Mumbai tax dept begins impounding KFA aircraft December 11, 2012

    Mumbai: In another blow to the crisishit Kingfisher Airlines, the Mumbai Service Tax has begun impounding the airlines' aircraft. One aircraft has been seized and another is in the process of detention. The Deputy Commissioner, Service Tax had sent an order a few days back to Kingfisher that the seven aircraft...
  • Ramdev gets notice for alleged tax evasion November 28, 2012

    New Delhi: A demand notice has been sent by authorities to trusts run by Ramdev for alleged service tax evasion on about Rs 1 crore received from a private TV broadcaster for airing his programme on Yoga. Official sources said a demand notice was sent to Patanjali Yoga Peeth and...
  • Working towards bringing in the GST: P Chidambaram November 8, 2012

    New Delhi: Finance Minister P Chidambaram on Thursday said that the Centre will soon bring in a major change in the taxation system in the country. Speaking to reporters, Chidambaram said, "We are moving towards bringing a major change in the taxation system in the country. We are working on...
  • AC train fares to cost more from today October 1, 2012

    New Delhi: Train fares of all AC classes will become costlier by more than 3 per cent from Monday. The new service tax of 3.708 per cent, as per the government notification, will be levied on AC First Class, Executive Class, AC2 tier, AC3 tier, AC Chair Car and freight. ...
  • No service tax on train tickets purchased before Oct 1 September 29, 2012

    New Delhi: Service tax on AC class train fare will not be realised on tickets purchased before October 1 as railways modified its earlier decision on it. Fares of AC First Class, Executive Class, AC2 tier, AC3 tier, AC Chair Car will go up by 3.708 per cent from October...
  • FDI in retail: BJP to organise traders' protest August 23, 2012

    New Delhi: Amid reports that the government is mulling over allowing FDI in retail, BJP on Thursday announced it will organise a protest demonstration by traders from across the country in the national capital on August 23 to oppose any such move. National Convenor of Traders Cell, BJP, Shyam Bihari Mishra,...
  • 'Reduce service tax to curb black money' July 11, 2012

    Subhash Lakhotia, a tax consultant, says if government wants to curb black money it should bring down the burden of service tax. ...
  • No service tax on NRI remittances: Government July 11, 2012

    New Delhi: The government on Tuesday said remittances from abroad will not attract service tax, putting to rest the concerns raised in view of new tax norms. "The matter has been examined and it is clarified that there is no service tax per se on the amount of foreign currency remitted...
  • How much more tax, ask upset Bollywood actors July 5, 2012

    The government's decision to levy 12 per cent service tax on film and TV actors has left many fuming in the industry. ...
  • New service tax makes travel, holidays costlier July 1, 2012

    New Delhi: Get ready to pay even more. The new 12 per cent additional Service Tax comes into effect from Sunday. The new tax covers all services except 38 activities that are put on the negative list. The switchover to a negative list is aimed at unifying the tax and levies...
  • Most services to come under tax net from July 1 June 30, 2012

    New Delhi: All services except those which are in the negative list will become expensive from Sunday with the implementation of the new service tax regime. With the exception of 38 services, which figure in the negative list, all other activities would attract 12 per cent tax. The government had...
  • Service tax on railway freight from July 1 June 8, 2012

    New Delhi: Close on the heels of railways increasing parcel rates by 25 per cent, the freight charges will go up by about 3.6 per cent from July 1 with imposition of service tax. "The government had given service tax exemption on goods carried by railways till June 30, 2012....
  • Except funeral, burial, all services to be taxed June 6, 2012

    New Delhi: All services except 17 in the negative list, will be taxed from July 1, the Finance Ministry has said. Under the 'negative list' approach, services specified in the list will remain outside the tax net. The government has widened the definition of 'Services' to bring in more activities under...
  • KFA yet to pay up Rs 54 cr service tax: CBEC May 22, 2012

    New Delhi: Cashstrapped Kingfisher Airlines has paid Rs 15 crore as service tax dues in April this year but is still to pay up Rs 54 crore arrear, Central Board of Excise and Customs (CBEC) Chairman SK Goel said on Monday. "They (Kingfisher Airlines) are paying their monthly dues every...
  • Pranab Mukherjee to reply on Budget proposals May 8, 2012

    New Delhi: Finance Minister Pranab Mukherjee is expected to reply on Tuesday to various proposals in his 201213 budget. The Finance Minister will be seeking Parliament's approval to move the Finance Bill and is likely to relook at some of the controversial proposals, such as changes in the tax laws that...
  • Pay more, taxing time begins today April 1, 2012

    New Delhi: It's the start of a new financial year and the 'aam aadmi' will have to pay more as a host of duty and fare hikes come into effect from Sunday. The 2 per cent increase in service and excise duty has taken effect. Eating out may leave...
  • Pay dues to keep flying: Govt warns Kingfisher March 26, 2012

    New Delhi: Civil Aviation Minister Ajit Singh has warned Kingfisher Airlines Chairman Vijay Mallya to pay his dues in order to keep flying. This came just hours before the Directorate General of Civil Aviation (DGCA) comes out with its report on the cashstrapped private carrier on Monday. Singh said the...
  • KFA to pay Rs 10 cr service tax till March end March 25, 2012

    Mumbai: Cashstrapped Kingfisher Airlines, which has massively cut down operations including completely winding up international services, has agreed to pay only up to Rs 10 crore of its Rs 76crore service tax dues this fiscal, a top Government official has said. The beleaguered airline, which has faced stern warnings from the...
  • Kingfisher seeks more time to pay service tax dues March 23, 2012

    New Delhi: A Finance Ministry official has said that cashstrapped Kingfisher Airlines has sought more time from the revenue department to pay its Service Tax dues of about Rs 76 crore. "They want some more time...They have made a request. Will see what can be done?" Central Board of Excise and...
  • Phone bills set to rise after hike in service tax March 17, 2012

    New Delhi: With service tax set to rise from 10 to 12 per cent, telecom companies on Saturday said tariffs for all telecom services will rise from the date the hike in tax is notified. "We are very disappointed with increase in service tax. Industry has been under attack for raising...