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: due date for vat payment :: list of goods taxed at 4% :: VAT RATES :: ACCOUNTING STANDARDS :: empanelment :: form 3cd :: TDS :: Central Excise rule to resale the machines to a new company :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit
 
 
News Headlines »
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government
 Deadline to pay property tax in old currency extended
 Cabinet clears amendments to Income Tax Act

'Govt's move to reduce service tax rates by 2% would benefit the end-user'
February, 25th 2009

Cellular Operators Association of India said the government's move to reduce service tax rates by 2% would benefit the end-user. Though the net
impact is very small, it will still offer reprieve to low-end consumers, T V Ramachandran, director general, COAI said.

The 2% reduction in service tax is a positive step by the government taken at a time when the overall economy is facing a slowdown. This move will help stimulate demand for products and services by making them more affordable, thus giving impetus to various measures taken to tide over this downturn, said Manoj Kohli, Joint MD and CEO, Bharti Airtel.

India had 40 crore telecom subscribers at the end of January. At an ARPU (average revenue per user) of Rs 250, the 2% service tax cut translates into a benefit of Rs 5 or a total impact of Rs 200 crore, says Ramachandran.

Total revenues from mobile services in 2007-8 were Rs 76,000 crore. At an average growth of 35%, the revenues for 2008-9 are expected to close at over Rs 1,00,00 crore. Similarly, if projected revenues for 2009-10 are roughly Rs 1,40,000 crore, the money that stays with consumers as a result of the 2% benefit is Rs 2,800 crore.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

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