Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
Service Tax »
Open DEMAT Account in 24 hrs
 Income Tax SFT return filing due date extension: Facility to remain open for a couple of days Latest news
 Income tax filing: Waiting for your Form 16? Here is what you need to know
 Salaried? Rental tax calculation rules you should know before ITR filing in 2023
 What are new tax regime's slabs? Know its limits, benefits, and more
 How much additional tax do you need to pay? ITR filing last date for FY 2019-20
 Income Tax Return Filing: How to file ITR - step-by-step guide
 New Income Tax Slabs for Super Senior Citizens 2023-24: Which rate will apply for ITR now?
 Income Tax Return filing 2023 data: How many Indians aged 18-35 years file ITR?
 Make tax-saving a part of your overall investment plan
 Filing ITR? Maximize Your Tax Savings With These 7 Allowance Benefits
 Extension of time limit for compliance to be made for claiming any exemption under Section 54 to 54GB of the Income-tax Act, 1961 ('Act') in view of the then-Covid-19 pandemic

Official: only 30 per cent of registered pay Service Tax
November, 06th 2013

Only 30 per cent of those registered from the Service Industry pay the tax while the remaining 70 per cent do not pay either because they are not aware of their responsibility or are registered despite being out of its ambit.

Making an elaborate presentation on the need to deregister from the Central Excise, Customs and Service Tax with regard to Service Tax if the service provider was below the threshold of Rs.10 lakh, Guntur Central Excise and Customs Commissioner C.P. Rao wanted everyone to make use of the VCES before December 31.

At a programme organised by the Confederation of Indian Industry Vijayawada Chapter at The Gateway Hotel recently, Mr. C.P. Rao said that people need to find out if they were in the ambit of Service Tax and register themselves and take advantage of the one-time scheme. The Service Tax had been existing for the past 18 years and people should understand it better now, he added.

Additional Commissioner S. Khader Rehman clarified the doubts of some of the corporate houses and also small entrepreneurs about the exemptions available to them. “The thumb rule now is to find out if you are in the Negative List of Service Tax and if you are not in that list and you are a service provider, you must register and pay the tax,” he observed.

One of the common complaints about service tax in starred-hotels, the Commissioner said that 40 per cent of the bill usually comprises cost of the food and remaining service on which tax had to be paid. “We do not know if the hotels were showing us the same bills they give you,” but he opined that they needed to be more transparent. The CII Vijayawada chapter chairman M. Lakshmi Prasad and Vice-Chairman V.V.M. Krishna were also present.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2023 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting