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Budget 2017: Jaitley May Hike Service Tax To 16-18%
Finance minister Arun Jaitley may hike service tax rate to 16-18% from the current 15% in the budget, due on Wednesday, as a precursor to the goods and services tax (GST) rollout. The move, that will make flying, eating out, phone ...

Service Tax Maybe Hiked In Union Budget 2017-18
Services tax maybe hiked in the Union Budget 2017-18 to largely align the same to the likely and proposed GST Tax rate of 18 per cent. The current rate of 15 per cent, might be slightly increased, which means many things ...
Indirect Tax Collection Up 32.6 Per cent To Rs 61,284 Crore
Indirect Tax Revenue collections increased by 32.6% from Rs 46,224 crore in September 2014 to Rs. 61,284 crore during September- 2015. This is an achievement of 50.6% of the target fixed for BE 2015-16. Indirect tax is a tax which is levied on the end user on ...
Charges Collected by Hotels are Not Service Tax: Finance Ministry
The government on Tuesday notified that some restaurants, hotels, eateries besides charging for the food and beverages are also charging ‘service charges' in their bills. And these ‘service charges' are retained by the restaurants/hotels/eateries. Some of the consumers have ...
No Service Tax on Non-AC Restaurants
Restaurants, eating-joints or messes which do not have the facility of air-conditioning or central air-heating are exempt from service tax, the Finance Ministry said. In other words, service tax is applicable to only air-conditioned or air-heated restaurants. Service Tax is a ...
How to Calculate Service Tax in India?
Before calculating Service Tax, it is important to understand what is Service Tax. Successive Government's have altered Service Tax to improve government revenues and have added and deleted the list of services, that come under the purview of Service Tax. Today, ...
What is Service Tax in India?
These days it's almost impossible to escape service tax and they have been extended to almost every type of service, whether it in a restaurant or paying your telephone bill or advertisements in the media. Earlier, the restriction to service tax ...
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