Service Tax: Latest News and Updates, Top Stories, Videos, Photos About Service Tax

Over Rs 5,000 Crore Dues Declared Under ‘Sabka Vishwas Scheme’

Dues worth more than Rs 5,000 crore have been declared so far under the government's 'Sabka Vishwas Scheme' for settling pending disputes of service tax and central excise, a report by news agency PTI said. Sabka Vishwas Scheme, 2019, or ...

Banks May Withdraw Some Of The Free Banking Services

After revenue department's yet again clamp down on banks who are not ready to forego the Rs. 40,000 crore in lieu of service tax against free services. There was not reached any conclusion on the matter, in the last meeting between ...

Government Clarifies GST Implication On Different Financial Services Through FAQ

After litigation issues around taxation on free banking services came to the forefront, the government on Sunday cleared the air. Financial services that remain out of GST ambit In the FAQ document released, the government clarifies that free services such ...

GST Evasion Of Rs. 5.7 Crore During July-November FY 18 Uncovered By Govt

As per the finance ministry, Goods and Service tax (GST) evasion to the tune of Rs. 5.7 crore has been uncovered by the government for the July-November period of the ongoing financial year in relation to some 16 cases. The new ...

Union Budget 2018: Realty Sector's Pre Budget Expectations

The construction sector is reeling under a sluggish phase hit by demonetisation, implementation of RERA and replacement of previous service tax and VAT by GST. In its pre-budget expectations 2018, the sector seeks some favorable sops by way of lowered GST ...

Stocks In IT, ITeS Trade Mixed On Huge Servcie Tax Demand

After the huge Rs. 10000 crore demand notice has been issued to as many as 200 companies in the IT and ITeS space, the shares are trading mixed. This is despite the NIFTY IT pack doing well with a ...

Maintenance Bill Under Rs. 5000 Paid To Housing Society Exempt From GST

One of the leading dailies citing a document released by the Ministry of Finance (MoF) says that monthly maintenance charges payable to cooperative housing societies of Rs. 5000 or less shall not be eligible for additional GST tax levy. ...

Post GST: Here's How Your Dining Out Bill Shall Be

The new indirect tax regime that subsumes multiple taxes and is aimed at reducing and eliminating the cascading effect has a bearing on all of the sectors across the economy. Restaurant and dining industry being no exception to GST rules. ...

How To Obtain GSTIN Under New GST Tax Regime?

Earlier as under the Service tax and VAT regime, service tax registration number and TIN were being issued by the State and the Centre. Nonetheless, with the implementation of the new GST tax regime, all taxpayers shall be registered under one ...

GST Council Headed By Arun Jaitley To Decide Tax Rates Today in Srinagar

The Goods and Service Tax (GST) Council headed by Finance Minster Arun Jaitley is scheduled to meet in Srinagar today and deliberate on the tax rates for commodities as well as services. The meeting shall be held at the Sher-i-Kashmir International ...

State-Run SBI Revises Service Charges Again To Be Effective From June 1

Come June, get ready to pay Rs. 25 for each of the cash withdrawal done using ATM machine. After four such withdrawals in a month, the largest bank will levy different charges on withdrawals done at banks or State Bank's ATM ...

Service Tax Arrears Triple To Rs 71K Crore In 2 Years

Service tax arrears more than tripled to Rs 71,257 crore in 2014-15 within a couple of years, apex auditor CAG said, expressing concern that the recovery is not being given due importance. The arrears of service tax were at Rs 22,014 ...

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