Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: VAT RATES :: cpt :: form 3cd :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS
 
 
« News Headlines »
 Seven things you must do before 31st March
 Income Tax saving investments: Top 5 options available for high-income individuals
 How to use zero tax rule on long term capital gains on stocks
 GST Returns - Furnishing details of inward supplies
 5 ways to maximise you income tax return
 Income-tax (2nd Amendment) Rules, 2017
 Soon, Faster PAN, An App For Filing Tax Returns
 Changes in income tax return filing process
 New Income Tax Rates And Deductions Applicable From April 1, 2017
 Tax and transparencya
 No decision yet on imposing tax on cash transactions

Corporates line up service tax payments
October, 03rd 2006
Bajaj Allianz General Insurance will pay around Rs 168.50 crore as service tax this fiscal, a 50-60% increase over the last fiscals figures. A spurt in premium income coupled with the increase in service tax rate from 10% to12% has pushed up the service tax liability, said a senior company official. The company has paid around Rs 70.5 crore as service tax till August this year. The outgo on the remaining part of the fiscal is estimated at Rs 98 crore. These projections are based on the feedback given by the company to zonal revenue authorities. The gross premium underwritten by the company grew by around 32% to top Rs 713 crore upto August this year compared to Rs 538 crore in the same period last fiscal. Bajaj Allianz Life Insurance is projected to pay around Rs 59 crore as service tax in FY06, according to estimates available with the revenue department. The company has paid Rs 24.4 crore till August this year. Service tax collections for the Pune region are budgeted at Rs 1,620 crore for FY06. Among telecom companies, BSNL Pune is projected to pay around Rs 50 crore as service tax. It has paid around Rs 20.6 crore upto August this year. Idea Cellulars liability is estimated at Rs 42.2 crore, of which Rs 17.62 crore has been paid till August this year. Bharti Cellulars service tax payments have been projected at Rs 12.5 crore. The company has paid Rs 5.19 crore till August, according to data with the revenue department. Some companies have a system of centralised registration for service tax payment is made from one centre. Others are registered in respect of their offices so payments are disbursed. Companies are also allowed to claim a set off on the taxes paid on inputs both on goods and services. A stock-taking of the trends in service tax collections in various zones and the utilisation of Cenvat credit was done recently in Mumbai at a meeting convened by member, service tax, Central Board of Excise and Customs. Revenues have been buoyant, growing by around 66% till July. The government has budgeted service tax revenues at Rs 34,500 crore. With the buoyancy in GDP growth, it expects to garner over Rs 40,000 crore from service tax during the current fiscal.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions