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: ACCOUNTING STANDARDS :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: cpt :: articles on VAT and GST in India :: form 3cd :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: VAT RATES :: empanelment
« Service Tax »
 Service Tax On Hotels And Restaurants – Recent Delhi High Court Judgment
 GST Council discusses 4-tier tax rate, cess on demerit goods
 Why you shouldn’t miss these three simple tax saving options beyond Section 80C
 Determination of value for transactions between the Related parties under GST Laws.
 Higher collections can offset GST losses
 GST to subsume over a dozen Central, State taxes
 Incidence of indirect taxes won't go up under GST
 Advanced Budget date: Absence of a GST rate may present estimation challenges
  Tax queries answered by Dilip Lakhani, Senior Chartered Accountant
 FinMin warns tax officials of action against GST protest
 Model GST Law may redefine employer-employee relationship

Film industry to fast against service tax on January 7
December, 31st 2012

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 film fraternity will go on a fast protesting against their inclusion in the service has announced that they will go on a fast protesting against the negative-list based

service tax that was introduced from July 1. Though producers, distributors and exhibitors were kept out of the tax ambit, actors, directors, photographers and choreographers were included. The film fraternity says this move does not help the industry in anyway because the tax is anyway passed on to people who belong in the exempted category - producers, distributors and exhibitors. "The actor who has to pay the service tax will ask the producer to include it in his salary," says R Sarathkumar, actor and the president of the South Indian Film Artistes Association. "The producer will then pass on the excess cost to the distributor who in-turn will pass it to the exhibitor. There the line gets stuck as he can't charge his movie goers, because tickets prices are controlled by the state government," he said.

According to the new service tax rule, tax has to be paid immediately after the film is completed. "Many completed films do not get released and the tax burden is massive ," says Sarathkumar.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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