Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: empanelment :: list of goods taxed at 4% :: due date for vat payment :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ACCOUNTING STANDARDS :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: TDS :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company
 
 
« Service Tax »
 Government may table 4 GST bills in Parliament today
 Applicability Of Gst Law On Educational Institutions
 Cabinet clears 4 Bills, GST likely to roll out by July 1
 GST may also impact income tax collections: Experts
 Companies, consultants grope in the dark to meet GST deadline
 Cabinet approves GST, e-commerce cos to pay up to 1% tax
 Cabinet approves supporting GST legislations ahead of 1 July roll-out
 GST: Centralized assessment for service-oriented industries likely
 Tax department to calculate GST’s impact on inflation
 Entrepreneurs are all set to give a red carpet welcome to GST
 GST success depends on preparedness of businesses

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 2017 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