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
Latest Expert Exchange
Service Tax »
 12 ways to avoid paying more for bank services
 I-T return filing: Income Tax offices, Ayakar Seva Kendras to remain open from March 29-31
 Top 5 money matters you must settle before March 31 From income tax returns to LTCG,
 Steep fines for missing March 31 income tax deadline
 CBEC clears some air on refunds under GST, central excise, service tax laws
 3 key tax changes for senior citizens which will come into effect from April 1, 2018
 Income tax returns (ITR) filing: Not filed returns for 2 years? Beware! Deadline nearing
 All you want to know about HRA: When you can claim and how it is calculated?
 Income Tax Saving: 6 ways to save tax without investing before March 31 tax deadline
 Unnable to file your tax return? Take help of these portals
 Do you know which 80C instruments can help you save tax and carry no future tax liability?

Govt likely to roll back some of tax proposals, including hospotal service tax
March, 18th 2011

The government is likely to roll back some of its tax proposals, including service tax on healthcare services and the proposed 10 per cent excise duty levy on branded garments.

Finance Minister Pranab Mukherjee had in Budget 2011-12 proposed extending service tax on diagnostic tests and medical services provided by a centrally airconditioned hospital that has 25 beds or more.

He, however, allowed a 50 per cent abatement, so that the tax rate would work out to 5 per cent.

While the rationale was to complete the tax credit chain, it came in for public and industry criticism. Significantly, the National Human Rights Commission also expressed its disapproval last week.

The Finance Ministry is also planning to provide some relief to garment manufacturers hit with a 10 per cent excise levy. This could either be lowered, said sources, or set off against the Central excise duty paid.

The proposal to levy service tax on rail freight may be postponed once again as Railway Minister Mamata Banerjee gears up for elections in West Bengal. Mukherjees reply to the discussion on the Finance Bill is slated for March 22.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

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