Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: VAT RATES :: cpt :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: VAT Audit :: TDS :: due date for vat payment
« Service Tax »
 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?
 E-way relief, for now, to e-commerce, courier firms sending small orders
 Where to invest for saving more on taxes
 A simpler GST can become a registry of all invoices, says iSPIRT’s Sharad Sharma
  Income Tax department may defend CPC in returns fraud case
 One GST rate not possible, next reform after compliance improves,
  Communication to the Central Excise/Service Tax Taxpayers on migration to GST
  GST Network simplifies returns filing process

Service tax collection up 36.7% to Rs 70,000 cr till January
March, 14th 2012

The government has collected over Rs 70,000 crore in service tax this year till January, 36.7 per cent more over the same period last fiscal, Parliament was informed today.

"The objective of the Union Government has been substantially achieved as there has been exponential growth in the service tax revenues over the years.

"Up to the month of January, 2012, Rs 70,374 crore has been collected as service tax revenue, registering a growth of 36.7 per cent over the same period last year," Minister of State for Finance S S Palanimanickam said in a written reply in the Rajya Sabha.

To a query if the government was considering lowering service tax rates, Palanimanickam (rpt) Palanimanickam said that "will be examined as part of the Budget".

At present, government levies 10 per cent tax on services, captured under 119 services head.

To another query, Minister of State for Finance Namo Narain Meena said that advance estimates released by the Central Statistics Office peg the country's GDP at 6.9 per cent for the current financial year, lower than 9 per cent that the Economic Survey 2010-11 had estimated.

"The slowdown in growth in GDP owes mainly to negative growth in mining sector and a sharp slowdown in manufacturing sector," he said.

He added that the slowdown in some sectors owe to persistence of inflation leading to rising costs and shrinking profit margins, weakening capital expenditure owing to high interest rates and slowdown in the global economic activity.

Further, responding to another query in Parliament, Meena said 19 commercial banks were penalised by the Reserve Bank for contravention of various instructions in respect of derivatives and they have paid the penalties

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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