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?

TAAI demands rollback in proposed service tax hike
April, 12th 2012

Travel Agents Association of India today urged the government to rollback the proposed hike in service tax to 14% on air tickets announced in this year's budget.

The association has also appealed the government to look into the issue of weekly settlement, which it feel will have a negative impact on the industry. "Earlier, there was a cap of 12% service tax on tickets.

But the budget has removed that cap and also has raised it to 14% on the ticket amount. We want a roll back of the service tax on ticketing as this will negatively affect the travel industry," Travel Agents Associations of India (TAAI) President Iqbal Mulla told reporters here.

TAAI and Travel Agents Federations of India (TAFI) are jointly submitting a representation in this regard to the Tourism Ministry and the Finance Ministry next week, he said. "According to our calculations, the economy class tickets will become costlier by up to Rs 5,000, whereas for the business class passenger, flying will be cheaper," he said.

Talking on the issue of weekly settlement, Mulla said, "We have requested Air India to hold discussion on the issue that will be mutually beneficial and we have also written to the Civil Aviation Ministry in this regard." Under the weekly settlement provision of IATA (International Air Transport Association), airlines have to settle their bills within a week against a fortnight period as prevalent in India.

Earlier, airlines like Air India, Jet Airways and Kingfisher Airlines , which are having financial issues, had represented Passenger Agency Conference in Singapore in October last to rollback the 'weekly settlement' plan, which is set to be implemented from June 1, 2012.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-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