Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: empanelment :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: list of goods taxed at 4% :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: TDS :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: ACCOUNTING STANDARD
 
 
Service Tax »
 GST base looks set to be at least 25% wider than earlier tax regime
 Businesses struggle with multiple tax rates, returns
 Common use items exempt from e-way bill provision under GST
 Goods And Services Tax Sends Taxes Racing
 How GST lesson can unleash untapped potential of education sector in India
 Services sector PMI falls most in 4 years on GST
 Missing column in GSTR 3B form leaves input claims a shaky edifice
  Communication to the Central Excise/Service Tax Taxpayers on migration to GST
 GST not easy to implement but tax base expansion will benefit all
 Goods and Services Tax was not an easy reform to implement
 GST to expand tax base, bring down weighted average tax rate:

Service tax not paid by Indian Railways on catering and advertising for years
August, 01st 2011

Chances are the authorities would immediately go after you if you refuse to pay taxes. But if you are Indian Railways, they could choose to look the other way. Well, that's what has been happening with theIndian Railways which has not paidservice tax on catering and advertising for years, despite the levy being first mandated through the Finance Act.

Probably emboldened by that, the railways is now refusing to pay excise duty on manufacture of rolling stock though it became effective earlier this year. What's more, the Central Board of Excise and Customs only woke up to it in recent months but has failed to initiate action.

To top it, railway officials have written to thefinance ministry enquiring if the government had indeed levied excise on rolling stock. The railways is arguing that it should not be paid since most of it is used by it. The finance ministry is, however, arguing that this will help vendors get refund on taxes paid by them.

In case of services such as advertising, the railways has come up with the argument that it has not collected the tax from those who availed of it.

Officials in the finance ministry as well as the railways confirmed that taxes were not being paid though the government's largest departmental enterprise did not comment on the matter. "We are discussing the matter with the finance ministry. It is a transaction between two government departments. If need arises, we will pay whatever is the required tax," said an official in Rail Bhawan.

Government officials, however, said there might be more than meets the eye and the finance ministry could have let railways get away as the UPA was banking heavily on Mamata Banerjee, who till two months ago was railway minister before moving to West Bengal as chief minister. In any case, Banerjee had managed to convince finance ministerPranab Mukherjee about the need to keep service tax on hold till December 2011.

Service tax and excise duty put together could help the government raise around Rs 4,000 crore at a time when it is looking to raise resources from all possible sources, including increasing the fee and charges on services such as passports used by common citizens. Finance ministry officials said they were pushing the issue with the railways and some notices on excise duty had also been issued.

In the past too, the railways had problems with tax officials over payment of tax deducted at source in case of direct taxes and it took considerable effort to solve the matter.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

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