« Service Tax » Open DEMAT Account in 24 hrs  Income tax return filing for FY23-24: Check details of Form 16 issue date, ITR forms  How to maximize tax benefits for senior citizens in India  Income tax return filing: ITR filing 2024 date is upon us, but should you rush to file?  Income Tax Return AY 2024-25: ITR-1, ITR-2, ITR-4 Enabled for Online Filing; Check Details  New Tax Regime: What Is It? How Can You Opt For It? Comparison With Old One  6 Ways to Save Income Tax On New & Old Tax Regime for FY 2023-24  Income Tax SFT return filing due date extension: Facility to remain open for a couple of days Latest news  Income tax filing: Waiting for your Form 16? Here is what you need to know  Salaried? Rental tax calculation rules you should know before ITR filing in 2023  What are new tax regime's slabs? Know its limits, benefits, and more  How much additional tax do you need to pay? ITR filing last date for FY 2019-20 «  Service tax exempted on certain GTA services... Taxability of service imports settled... » IAMAI asks for service tax cut to spur consumption January, 06th 2009 Demanding a moratorium on service tax for nascent industry segments in the IT sector, Internet and Mobile Association of India today made a strong case for slashing service tax by four per cent across the board. Noting that service tax should be reduced to all services in line with the excise duty cut announced last month, IAMAI said,"A cut in service tax will come as a major relief to the micro, small and medium-sized service sector companies." In a memorandum to the Union Government, the body said slashing service tax will immediately boost domestic consumption up to the value of the rate cut, or leave more money at the hands of the consumer. " Unlike the longer cycle time in manufacturing, a cut in the service tax will make an immediate impact," IAMAI said. IAMAI said it has been demanding a moratorium on service tax for nascent industry segments like Internet and mobile value-added services business for some years. "A reduction in service tax to 8 per cent on all 104 categories of services under this tax for at least two years would be an appropriate measure to match the revival packages recently announced for the manufacturing sector," IAMAI said. Among the services listed by IAMAI for a tax relief are the likes of online advertising, online services, mobile value-added services, Internet cafe and units in special economic zones.