Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: due date for vat payment :: ACCOUNTING STANDARDS :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ACCOUNTING STANDARD :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: articles on VAT and GST in India
News Headlines »
 5 Tax tasks you should complete before March 31
 March 31 deadline nears: Check out these last-minute tax-saving investment options
 How to file income tax returns online without having Form 16 in 10 simple steps
 Deadline For Filing Income Tax Return (ITR) Is Just 11 Days Away: 10 Latest Details To Know
  10 incomes you need not pay any tax on
 How To File Income Tax Returns In Three Steps By March 31, 2018
 10 things about income tax every taxpayer should know
 What to do if your TDS is not deposited with the government
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018

Service tax on IUC may take a while
July, 14th 2006
The issue of applicability of service tax on interconnect usage charges may take a while to be resolved. 
The revenue department has once again sought inputs from the Cellular Operators Association of India (COAI) on the issue before finalising its stance. 
Cellular operators have resisted the attempts of the tax department to bring interconnect usage charges (IUC) under service tax. The IUC refers to the charge payable by one service provider to the other for free flow of calls across different telecom networks. 
No technical service or any other service is at present rendered by one telecom operator to another. If there is no interconnection between telecom operators, then subscribers of say MTNL or BSNL would not be able to speak to Bharti or Hutch subscribers. 
IUC charges are part of the total subscriber bill collected by service providers. Service tax is already paid by service providers on the carriage charge and termination charge. The levy of service tax on IUC would be tantamount to charging of service tax twice for the same call, a COAI official said. 
The COAI has also pointed out that there will be no revenue gain to the government from the levy of service tax on the IUC since the payment of service tax on this will be set off against the output service tax liability. 
Demand for payment of service tax on the IUC charges only creates administrative hassles and because there is no revenue gain to the government it only increases inefficiencies in the economy, the association has said.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About 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