Tag: Service tax
Double-digit Increase In Tax Collection: Jaitley
The currency squeeze in November and December has failed to hit revenue mop up, with direct and indirect tax collection from April to December showing a double-digit increase, Finance Minister Arun Jaitley said on Monday.....
Council Approves All Five Draft Bills For GST
With the Goods and Service Tax (GST) Council on Thursday approving the remaining two draft bills -- UTGST (Union Territory GST) and SGST (state GST), all the five enabling draft bills stand approved to enable a likely rollout of the new indirect tax regime by July 1. ....
GST Bills Passage Fails To Cheer Indian Equities
The passage of a major tax reform in the country failed to cheer the Indian equity markets on Thursday. ....
Modi To Meet Finance Ministry; To Review GST, Black Money Policy
Prime Minister Narendra Modi will on Monday meet the Finance Ministry to discuss and review the recent financial status. ....
GST Was Notified With Horrendous Rates Of Tax: Chidambaram
Congress leader P. Chidambaram has slammed the union government for converting the GST to a bad law, saying it was notified with horrendous rates of tax. ....
Council Likely To Meet To Approve UTGST
The Goods and Service Tax (GST) Council will meet on Thursday to discuss the remaining two draft laws -- UTGST (Union Territory GST) and sGST (state GST) -- to enable a likely rollout of the new indirect tax regime by July 1. ....
Service Tax To Move Up From 15% To 18% Under GST: Hasmukh Adhia
Services sector is likely to attract a higher tax rate of 18 per cent from the current 15 per cent under the Goods and Services Tax (GST) regime, thus making services "slightly" more expensive, Revenue Secretary Hasmukh Adhia has said.....
