Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: form 3cd :: due date for vat payment :: empanelment :: ACCOUNTING STANDARDS
 
 
News Headlines »
 Deadline for filing revised or belated income tax return for past two assessment years is March 31
 Quarterly GST returns filing may be extended to all companies
 How many times one can revise tax returns?
 Income tax exemption for FY19
 How will the new provisions really work?
 How to save income tax? Best tips for young earners
 Forgot to verify your income tax return? Here's help
 Notification of Government e-Marketplace (GeM) under section 138 of the Income-tax Act
 Income tax returns can be filed even if you missed deadline
 What is the difference between a tax return and a tax refund?
 Improving tax compliance in India

Vets may be bitten by service tax
January, 27th 2007

Keeping a pet may just get a tad costlier as you may end up paying more for that visit to the vet. The government is examining a proposal to bring veterinary services for pet animals under the tax umbrella in the forthcoming Budget. Pet lovers may hate it, but the government has bracketed veterinary services along with other new areas that it is looking to bring under the service tax net. However, the proposal to bring livestock under the tax net has not found much favour as it could impact, among others, the farm and dairy sectors.

But if veterinary service were to be taxed, it would attract a 12% levy. However, if your vets annual turnover is less than Rs 4 lakh, he may not need to register himself as a service provider. Veterinary service is among the 44 new services that the Centre has offered to states as a compensation for the phase-out of central sales tax. States, however, have shown their willingness to bring only those politically correct services under the tax net.

Services like health and hospital services are among them. As taxing these services could have political ramifications, states are not keen in this front. As a result, sources said the government may not tax all the 44 services. They said there was a case for taxing veterinary services as it would have no implications on the middle or low-income groups. Veterinary service, they said cost much more than a visit to a doctor and with the growing popularity of exotic breed of pets, veterinary pet practice was booming.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

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