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Service Tax »
 GST coming soon, but don’t expect quick benefits; rich valuation to stall stocks
 FM Arun Jaitley underlines urgency to pass GST bills in this Parliament session
 Government may table 4 GST bills in Parliament today
 Applicability Of Gst Law On Educational Institutions
 Cabinet clears 4 Bills, GST likely to roll out by July 1
 GST may also impact income tax collections: Experts
 Companies, consultants grope in the dark to meet GST deadline
 Cabinet approves GST, e-commerce cos to pay up to 1% tax
 Cabinet approves supporting GST legislations ahead of 1 July roll-out
 GST: Centralized assessment for service-oriented industries likely
 Tax department to calculate GST’s impact on inflation

Service tax budgeted at Rs.689 bn for 2009-10
February, 17th 2009

The government hopes to earn around Rs.689 billion (Rs.68,900 crore) under the head service tax in
2009-10.

It is the fifth largest tax revenue head for the government after the major heads like corporation tax, income tax, customs and excise.

The revised estimate for the current fiscal was put at Rs.650 billion (Rs.65,000 crore) in the interim budget for 2009-10, which was presented in the Lok Sabha Monday by External Affairs Minister Pranab Mukherjee.

 
 
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