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: Central Excise rule to resale the machines to a new company :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: VAT Audit :: list of goods taxed at 4% :: form 3cd :: cpt :: TDS :: empanelment :: ACCOUNTING STANDARDS
« Service Tax »
  Simple GST, thanks to SAP and Assocham's tech resource centre
 Next steps for the goods and services tax
 Benefits of GST to home buyers In the next lifetime
 GST: Jaitley says yes to cess, no to additional tax for compensating states
 GST to enhance ease of doing business, says Assocham
 Govt sources say cess is a better option than high tax rate
 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

'Final draft guidance paper on taxation of services by July 1'
June, 19th 2012

The final draft guidance paper on the proposed budgetary changes in taxation of services would be released before July 1, a senior government official said Monday.

"A guidance paper has already come out after the Budget (was presented by Finance Minister Pranab Mukherjee) this year. A revised guidance paper would come out soon...," Central Board of Excise and Customs Special Secretary and member J M Shanti Sundharam told reporters here on the sidelines of a Ficci seminar.

"The final draft guidance paper will come before July 1... Because the new taxes will come into effect from then," she added.

Calling for more awareness among the public, she said such seminars were being conducted across the country and it has been held earlier in Ahmedabad and Kolkatta.

"We are all moving towards GST (Goods and Services Tax). The basic idea of implementing them is that the cascading effect of new taxes does not affect the common man. This is a movement towards GST," she said.

When asked about introduction of GST, she said, "We have to wait and watch".

Under the new Service Tax, only 17 services are in the 'negative list', which cannot be subjected to tax. At present, 119 services are levied.

The "negative list" approach was proposed in the Budget. The Finance Ministry had said the new service tax regime would come into force from July 1 and the government aims to garner Rs 1.24 lakh crore from service tax during 2012-13.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

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