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% :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: form 3cd :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: VAT Audit :: TDS :: cpt :: empanelment :: Central Excise rule to resale the machines to a new company
 
 
Service Tax »
 IT infrastructure firm of GST under scrutiny for tax evasion
 GST council OKs draft law on relief to states
 GST Network gets notice for avoiding service tax
 GSTN contract may attract tax
 GST Council may discuss tax rate on gold at Udaipur meet
 Govt may rework indirect tax estimates mid-way after GST
 GST Council meeting: States allowed to tweak taxpayer division after consulting Centre
 Government may rework indirect tax maths mid-way after GST entry
 Govt may rework indirect tax mid-way after GST entry
 GST rollout will reduce disparity among states
 GST: E-tailers oppose tax laws

Keep distribution outside service tax ambit: Power producers
February, 22nd 2012

To avoid any increase in consumer tariffs, domestic power producers have pitched for keeping generation, transmission and distribution companies outside the service tax ambit.

Any imposition of service tax will add to consumer tariffs, an industry official said, adding that it will also worsen the finances of the distribution companies, that are already saddled with huge losses.

In some of its key suggestions to the Finance Ministry for Budget 2012-13, the sector, which is seeing a strain on its input costs because of high fuel prices, has asked that these services be a part of the proposed negative list.

The Association of Power Producers has written to the Finance Secretary, Mr R. S. Gujral, earlier this month raising certain concerns.

Referring to the concept paper on Taxation of Services Based on a Negative List of Services' the Association said that the paper mentions that the supply of electricity may be specified as not comprising supply of services. But there is no discussion about the services provided by distribution companies, which are exempted by the Central Government in public interest.

All taxable services provided to any person by a distribution licensee, a distribution franchisee, or any other person, by whatever name called, authorised to distribute power under the Electricity Act, 2003, for distribution of electricity should be kept outside the purview of service tax, it says.

The revised concept paper brought out by the Finance Ministry proposes a total of 22 services, or groups of services, which will be free from service tax.

In its letter to the Finance Secretary, the Association has said electricity should be included in the goods and services tax (GST).

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

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