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: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: cpt :: due date for vat payment :: form 3cd :: Central Excise rule to resale the machines to a new company :: VAT RATES :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ACCOUNTING STANDARD
« Service Tax »
 Goods and Services Tax: There should not be more than three grades of rates, says Chidambaram
 Chidambaram says there cannot be multiple tax slabs in GST
 Service tax officials transferred for favouring realtor
 GST, a challenge and opportunity for accounting professionals’
 Service Tax On Hotels And Restaurants – Recent Delhi High Court Judgment
 GST Council discusses 4-tier tax rate, cess on demerit goods
 Why you shouldn’t miss these three simple tax saving options beyond Section 80C
 Determination of value for transactions between the Related parties under GST Laws.
 Higher collections can offset GST losses
 GST to subsume over a dozen Central, State taxes
 Incidence of indirect taxes won't go up under GST

Service tax will apply from July 1
June, 25th 2010

Domestic and international flights from India will become a little more expensive from July 1.

From that day, airlines will impose a 10 per cent service tax on the gross value of the domestic and international air tickets subject to a ceiling of Rs 100 for every domestic and Rs 500 for every international journey in economy class.

Airline officials said that the gross value includes the base price and fuel surcharge. Passenger security fee and airport charges will not be covered for determining the gross value of the ticket.

Some airports exempted

The service tax will not be applicable on passengers undertaking a journey originating or terminating in an airport in Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura or Bagdogra airport in West Bengal.

At the moment, a service tax is levied only on first and business class international flights taken from India. Currently, there is no service tax on domestic flights.

The decision to levy a service tax on domestic and all sections of international flights was announced as part of the Union Budget 2010-11.

Meanwhile, some international airlines plan to approach the Government to seek an exemption from service tax on tickets issued before June 22.

The notification was issued on June 22 and comes into effect from July 1. It will be difficult for airlines to collect the service tax from those passengers who have purchased their ticket before the notification was issued but will be travelling after its implementation comes into effect, a senior official with a global airline said.

The Government has exempt certain services from the levy of service tax provided they are within a port or an airport including supply of water, electricity, services provided by fire service agencies, repair of ships or vessels or boats belonging to the Government including Navy, Coast Guards or Customs but not Government owned Public Sector Undertakings and pollution control services.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Contact Us

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