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: Central Excise rule to resale the machines to a new company :: due date for vat payment :: form 3cd :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: VAT Audit :: TDS
 
 
News Headlines »
 How to save income tax? Here are 6 investments with tax free income
 10 Top salary deductions that can save tax for you
 What are the tax saving options beyond Section 80C?
 The penalties for not paying tax on time
 How to make your salary tax efficient
 I-T Department may go into overdrive this quarter
 Ways to reduce the TDS deduction from your salary
 4 Tips for choosing who prepares your 2017 Tax Returns
 Processing of income-tax returns under section 143(1) of the Income-tax Act which were filed in Forms ITR-1 to 6 & applicability of section 143(1)(a)(vi)
 Price Waterhouse gets 2-year ban in Satyam case
 How to save income tax under section 80C

Tax on new services likely to fetch Rs 2,000 cr
March, 07th 2007
The extension of service tax to cover rentals on commercial properties, as proposed in Budget 2007-08, is expected to rake in a tidy sum for the Government.

In all, the Finance Ministry expects the new services to yield revenues of about Rs 2,000 crore in fiscal 2007-08.

A Finance Ministry official, however, said that it would be difficult to provide an exact break-up of the expected service tax revenues from each of the new services.

This is because of the Cenvat credit facility, which allows cross-utilisation of credit between service tax and excise duty.

The Centre has budgeted service tax revenues of Rs 50,200 crore during fiscal 2007-08, which is about 31.52 per cent increase over the revised estimates of Rs 38,169 crore for 2006-07.

"We expect the existing services to give us 25 per cent additional revenues and the rest from new services. Our overall budgeted increase is about 30 per cent. This is just a rough calculation," the official said.

The services that have been brought under the service tax net in Budget 2007-08 include services outsourced for mining of mineral, oil or gas; services provided in relation to renting of immovable property (other than residential properties and vacant land) for use in the course of business or commerce; services provided in relation to the execution of works contract; asset management services and design services.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

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