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 :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: empanelment :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: VAT RATES :: Central Excise rule to resale the machines to a new company :: cpt :: VAT Audit
 
 
« Service Tax »
 India’s E-Service Tax Will Add To Foreign Content Providers’ Woes
 GST Council to discuss model laws, tax jurisdiction today
 Tax Invoice Under GST
 Insurance may fall under 12% tax slab in GST, from 14% service tax currently
 GST draft makes it must for companies to pass tax benefit to consumers
 To speed passage, Government plans GST Bills as money Bills
 No service tax on train tickets booked through IRCTC till December 31
 GST Council meet postponed to December
 Banks integrating systems with RBI, GST Network to collect tax: Arun Jaitleya
 Service tax waived for online train ticket booking till Dec 31
 Key challenges in implementation of Goods and Services Tax

Exempt exporters from paying service tax
May, 25th 2010

The Parliamentary Standing Committee on Commerce has recommended exempting exporters totally from payment of service tax.

The committee, headed by Rajya Sabha MP Shanta Kumar, made this and some other policy recommendations that included the one asking the government to consider extending the facility of interest subvention of 2 per cent on pre and post shipment export credit for all the sectors till March 31, 2011.

On the question of duty refunds, the committee recommended that the Department of Commerce should impress upon the Ministry of Finance to consider exempting exporters totally from payment of service tax, instead of refunding them the same.

At the same time, the Parliamentary Committee recommended that the government should put in place a mechanism to establish a faster single window clearance' system at all the airports, ports, land customs stations and inland container departments based on simple rules and procedures for promotion of exports.

Top priority should be accorded to provide export infrastructure of international standards by having close coordination with various concerned agencies at both the Central and State levels,'' it said.

The committee also asked the Commerce Ministry to expedite setting up of the Small Growers Directorate, whereby these small growers could get some kind of registration and the benefits under the Central scheme start flowing to them.

The government should ensure timely implementation of the schemes for development support to coffee in the current financial year and give more incentives to the coffee growers for re-plantation. The crop insurance scheme should be made operational immediately and steps be taken for its popularisation among the tea, coffee, rubber and spices growers and for their speedy enrolment under the scheme,'' the committee said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

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