Finance Ministry asks PSUs to ensure payment of service tax by vendors
Posted Date : 10-Mar-2013 , 04:23:26 pm | Posted By CASANSAAR
The Finance Ministry has asked heads of all public sector entities to use their influence to ensure timely payment of service tax by their vendors. Revenue Secretary has written a letter to all CMDs of PSUs last week requesting them to ensure that service providers are ...
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Govt firm on arresting indirect tax evaders
Posted Date : 08-Mar-2013 , 07:49:55 am | Posted By CASANSAAR
The government is firm on going ahead with the proposed amendments that will empower tax authorities to arrest those who collect service tax but do not deposit it with the government within the specified time.
The finance ministry's determination to steer the amendments comes agains...
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Service Tax |
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CBEC extends the date of e-filing of the new Service Tax Return (ST-3) for the period from 1st July 2012 to 30th September 2012, from 25th March, 2013 to 15th April, 2013
Posted Date : 07-Mar-2013 , 02:48:07 pm | Posted By CASANSAAR
CBEC extends the date of e-filling of the new Service Tax Return ST-3 for the period 1stJuly'2012 to 30 Sep'2012 from 25 March' 2013 to 15th April'2013.
The electronic version of the ST-3 form is under process and likely to be available on ACES around 20th March'2013.
Order...
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Rs 3,000 crore service tax refund stuck in red tape for indian tech companies
Posted Date : 06-Mar-2013 , 08:25:09 am | Posted By CASANSAAR
Software companies are miffed that the government is dragging its feet on refunding at least Rs3,000 crore in service tax despite promises to do so. While on one hand the government has said it will crack down on tax dodgers, it is unwilling to return the money it owes to information techn...
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Service Tax |
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IRCTC passes service tax on to passengers
Posted Date : 03-Mar-2013 , 09:38:08 am | Posted By CASANSAAR
Come April and the Indian Railways' online ticket booking portal IRCTC will start levying service tax on service charge for e-tickets booked through it.
A letter to this effect was issued on February 27 by the railway ministry. The Indian Railway Catering and Tourism Corporation&...
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Service Tax |
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Scheme to promote voluntary compliance with service tax
Posted Date : 01-Mar-2013 , 08:00:53 am | Posted By CASANSAAR
The proposed scheme to encourage voluntary compliance with service tax announced in the Union budget is a tool to broaden the tax base. It excludes cases where the assessees have disputed the levy, or against whom the government has initiated action.
What the Service Tax Voluntary Complianc...
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Now Private universities under I-T lens for service tax evasion
Posted Date : 19-Feb-2013 , 08:32:40 am | Posted By CASANSAAR
Various private universities have come under the scanner of the central revenue department for alleged service tax evasion worth several crores.
The Directorate General of Central Excise Intelligence and Central Economic Intelligence Bureau have started a discreet probe ...
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Service Tax |
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After I-T, excise, service tax officials announce stir
Posted Date : 09-Feb-2013 , 10:31:15 am | Posted By CASANSAAR
The government’s already muted tax collections are set to take a further hit, with central excise and service tax officials now threatening to hand out mass resignations for delay in promotions. Income tax officers have already refused to stop work and issue assessment orders over the same iss...
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CBEC seeks details of service tax payment from companies
Posted Date : 06-Feb-2013 , 07:43:04 pm | Posted By CASANSAAR
Racing against time to meet revenue collection target, tax authority CBEC has started seeking details of service tax from companies which have paid the same amount as last year or even less than that.The Central Board of Excise and Customs (CBEC) has written to such com...
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Service Tax |
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Mass resignation by central excise, service tax superintendents on April 30
Posted Date : 05-Feb-2013 , 07:34:01 am | Posted By CASANSAAR
All Central Excise and Service Tax superintendents will submit their resignations on April 30 over their demand for no promotions, lower salary and lack of working conditions.
They have been presenting their case to the concerned authorities regularly for more than two decades...
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Service Tax |
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Sourav Ganguly appeals against service tax claim of over Rs 3 crore
Posted Date : 04-Feb-2013 , 09:10:47 am | Posted By CASANSAAR
Former India cricket captain Sourav Ganguly has challenged before the Calcutta High Courta service tax claim of over Rs three crore, which was charged during his term with the Kolkata Knight Ridersfor IPL and playing for Team India. "While the original claim is of Rs 1....
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Service Tax |
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Rs9,800 crore service tax evasion detected, stern action on cards
Posted Date : 01-Feb-2013 , 11:15:03 pm | Posted By CASANSAAR
Service tax evasion of a staggering Rs9,800 crore has been detected during the first nine months of the current fiscal, forcing the Tax Department to warn that properties of evaders will be attached.
"In many cases, the service providers collect service tax from their clients but do not dep...
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Service Tax |
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Abolish service tax on broadband services: DoT
Posted Date : 13-Jan-2013 , 09:04:06 am | Posted By CASANSAAR
To increase broadband penetration by making it affordable for end-users, the Department of Telecommunications ( DoT) has proposed the Ministry of Finance abolish service tax on pure internet/ broadband services in Budget 2013-14.
The high cost of internet, which attracts...
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Service Tax Dept issues notice to Kingfisher, 'impounds' all aircraft
Posted Date : 11-Jan-2013 , 03:29:52 pm | Posted By CASANSAAR
In more trouble for beleaguered Kingfisher Airlines, the Service Tax Department has issued a notice to the carrier, “impounding” all its aircraft, department sources said here tonight.
According to the notice, the airline cannot fly outside the registere...
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Katrina Kaif Wins Service Tax Case; Won
Posted Date : 07-Jan-2013 , 09:45:33 am | Posted By CASANSAAR
The Service Tax Tribunal has ruled in favor of actress Katrina Kaifand the lady has been discharged from any tax liability.
Earlier, the Indian Service Tax Department had filed a demand notice of Service Tax Recovery on actress Katrina Kaif for her advertisement and modeling ...
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Service Tax |
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Film industry to fast against service tax on January 7
Posted Date : 31-Dec-2012 , 08:35:54 am | Posted By CASANSAAR
Movie-goers may want to mark January 7 on their calendar as the theatres in the city are likely to remain shut. Theatre owners have been requested to remain closed as a mark of support to the film fraternity's day-long fast demanding repeal of service tax by the Centre.
The Tamil fi...
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Service Tax |
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No service tax on aam aadmi cover plans
Posted Date : 26-Dec-2012 , 08:32:51 am | Posted By CASANSAAR
The finance ministry on Monday dropped service tax on Aam Aadmi Bima Yojna (AABY) and Janashree Bima Yojna (JBY) and this will save the government some money as the central contribution towards premium in the two schemes is 50% and the rest is contributed by state governments...
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Service tax dept impounds KFA flight for defaulting on dues
Posted Date : 11-Dec-2012 , 03:13:32 pm | Posted By CASANSAAR
Mumbai’s service tax department today impounded a grounded Kingfisher aircraft for defaulting on tax dues amounting to Rs 63 crore. While one aircraft has been seized , another is in the process of detention.
“We have seized one ATR aircraft of the Kingfisher as the ca...
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Service Tax |
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Rs 69,465 cr service tax collected in first 7 months of FY 12-13
Posted Date : 30-Nov-2012 , 08:01:31 am | Posted By CASANSAAR
Service tax collection during the first seven months of this fiscal stood at Rs 69,465 crore, Parliament was informed today.
"During the period from the month of April to October 2012, total amount of service tax collected was Rs 69,465 crore," Finance MinisterP Chidambaram said i...
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Notice sent to Ramdev for alleged service tax evasion
Posted Date : 29-Nov-2012 , 08:28:09 am | Posted By CASANSAAR
A demand notice has been sent by the authorities to trusts run by Yoga guru Ramdev, for alleged service tax evasion on about Rs 1 crore received from a private TV broadcaster for airing his programme.
Official sources said a demand notice was sent to Patanjali Yoga Peeth and Divya Yoga Trus...
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Govt to reintroduce sector-specific tax filing codes from December
Posted Date : 28-Nov-2012 , 08:24:10 am | Posted By CASANSAAR
The government will reintroduce sector-specific tax filing codes from December, reversing the single-code system it launched five months ago.
To make tax filing easy under a new service-tax regime that covered more sectors than before, the central board of excise and customs devised one...
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Nov 27 deadline for service tax dues on over Rs 10-lakh rental income
Posted Date : 24-Nov-2012 , 08:51:00 am | Posted By CASANSAAR
Those who are yet to pay their service tax dues (as on March 6, 2012) on rent received in excess of Rs 10 lakh a year from immovable property are liable to pay a penalty after November 27.
The tax applies to renting of commercial property, where the rental amount exceeds the exemption ...
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Service Tax |
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Last Date for ST Return Filing 25.11.2012, File now to avoid inconvenience
Posted Date : 18-Nov-2012 , 09:11:13 am | Posted By CASANSAAR
To avoid inconvenience and delay,Service Tax assessees are requested not to wait till the last date for filing their ST3 returns. So far only about 6,000 returns are being filed per day in ACES in the new ST 3 format for the period April to June, 2012, out of about 16 lakh registered assessees....
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Service Tax |
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Allahabad High Court issues notice in petition challenging imposition of service tax on lawyers
Posted Date : 16-Nov-2012 , 08:44:53 am | Posted By CASANSAAR
A Division Bench of Justices Uma Nath Singh and V.K. Dixit of the Allahabad High Court recently issued notice in a writ petition challenging the constitutionality of the imposition of service tax upon advocates and arbitral tribunals. The order issuing notice to the Attorney General of Ind...
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Service Tax |
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Ramdev's trust accused of running a club, slapped Rs 12 crore service tax
Posted Date : 09-Nov-2012 , 08:16:02 am | Posted By CASANSAAR
Yoga guru Baba Ramdev’s Patanjali Yogpeeth and Divya Yog MandirTrust have been charged of running a club under the grab of a trust. The DirectorGeneral Of Central Excise Intelligence has imposed a service tax of Rs 12 crore on Ramdev's trust after alleging that it was ...
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Service Tax |
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Tax advocates seek clarity on services
Posted Date : 01-Nov-2012 , 08:27:50 am | Posted By CASANSAAR
A tax advocates' forum has approached finance minister P Chidambaramseeking clarity on the definition of "works contract services" as well as simplification of procedures for determining valuation of such services for calculation of service tax.
The All-India Tax Advocates Forum (AITAF) has sa...
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DGST eyes tax on 1.19 lakh cr worth of foreign remittances
Posted Date : 25-Oct-2012 , 08:57:44 am | Posted By CASANSAAR
Following a three-month investigation, the Directorate General of Service Tax (DGST) is set to approach 6,500 bank branches across the country this month to impose service tax on foreign remittances worth Rs 1,19,000 crore towards import of services.
The move aims to plug “p...
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Service Tax NEW ST-3 for April to June 2012 made Available
Posted Date : 23-Oct-2012 , 06:18:33 am | Posted By CASANSAAR
The Revenue Department today said the modified service tax return Form for the quarter April-June is now available on the ACES website. "Modified version of the Service Tax Return (ST3) for the quarter April-June, 2012 is now available for uploading to ACES... It is ava...
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Service exporters hit by sudden halt in tax refunds
Posted Date : 18-Oct-2012 , 08:03:26 am | Posted By CASANSAAR
Software exporters, BPOs, consultants and other service exporters have been hit by a sudden halt in service tax refunds in the past few months. Service tax commissionerates across the country have been rejecting tax refund claims of these companies, which also include knowledge processing outsourcin...
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TDSAT rejects telecom department's plan to tax internet, broadband services at 8 per cent
Posted Date : 13-Oct-2012 , 07:49:21 am | Posted By CASANSAAR
The telecom disputes tribunal on Friday dismissed the government's plans to charge internet service providers or ISPs a fee of 8% of their annual revenue from April, 2013. The tribunal upheld an Internet Services Providers Association of India (Ispai) petition challenging the governm...
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