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: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: VAT Audit :: Central Excise rule to resale the machines to a new company :: TDS :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: ACCOUNTING STANDARDS :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: empanelment :: form 3cd :: ACCOUNTING STANDARD
 
 
Service Tax »
 How service tax became revenue lifeline for the Govt
 Three simple tricks to save income tax without investing fresh funds
 Goods and Services Tax (Compensation to States) Amendment Act, 2017.
 Services sector need to brought under Section 72A of the Income-Tax Act
 Simplifying GST: Creating a Grand Simple Tax
 The way ahead for goods and services tax
 Goods & Service Tax (GST): Recent Clarifications
 Tax payers can see status of returns filed on GSTN portal
 Export And Import Of Goods Under GST
 The Finance Resolution And Deposit Insurance Bill, 2017
 Payment made in revenue sharing deal exempt from service tax

Rly freight users get 3-month relief from service tax
March, 28th 2012

Freight users of Railways have been spared an effective service tax hit of 3.6 per cent for three more months, though there is no such relief for air-conditioned passengers as yet.

Mr Pranab Mukherjee has deferred the implementation of service tax for rail freight users till July 1, a step that will prevent adding to inflation by not increasing transportation cost of core commodities such as coal, steel and cement. This is the seventh such deferment by the Finance Ministry since April1, 2010.

The Finance Ministry issued a notification to this effect on March 17, as a part of other Budget-related notifications.

ANTI-INFLATIONARY

The move will help curtail inflation, which was hovering around 6.9 per cent in February. Since then, there have been hike in train freight rate, excise and service tax, all of which will contribute to inflation.

Earlier this month, the Railway Ministry had increased freight rates by about 20 per cent, leading to higher prices of coal, cement, steel, fertiliser and power. This Union Budget also had a move to increase excise duty and service tax by two per cent each.

PASSENGER

While sparing the freight segment, the Finance Minister has not yet been as large-hearted for the high-end passengers.

So, over 360 crore train passengers who travel in air-conditioned and non-AC first class every year will continue to attract an effective 3.6 per cent hike from April 1 on account of service tax.

The extent of increase in train fares will be higher for all first class passengers as they will also take on the impact proposed in the Railway Budget.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

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