« Service Tax » Open DEMAT Account in 24 hrs  Tax e-filing: New banks enabled for online tax payments via e-pay tax service Check the entire list of banks  Income Tax Bill 2025: Changes under the new bill that taxpayers must know. Check FAQs  ITR filing: Know the new Budget 2025 rules for filing updated income tax returns  New Income Tax Bill 2025: What are expected changes and how will they affect you?  From tax changes to capex growth 5 key expectations from Emkay Global for Indias economy  Income Tax Returns: What are the consequences of not verifying your ITR within 30 days  Income Tax: Want to update your ITR? You can file an updated tax return; Here s all you need to know  ITR Filing 2024: How to check income tax refund status online using PAN card? A step-by-step guide  ITR Filing 2024: Which Income Tax Regime Is Better For NRIs? Check Expert Inputs Here  ITR filing 2024: How to check income tax refund status online? A step-by-step guide  Income Tax Return: Why should you wait till June 15 to file your ITR for FY24? «  Service tax exempted on certain GTA services... Taxability of service imports settled... » IAMAI asks for service tax cut to spur consumption January, 06th 2009 Demanding a moratorium on service tax for nascent industry segments in the IT sector, Internet and Mobile Association of India today made a strong case for slashing service tax by four per cent across the board. Noting that service tax should be reduced to all services in line with the excise duty cut announced last month, IAMAI said,"A cut in service tax will come as a major relief to the micro, small and medium-sized service sector companies." In a memorandum to the Union Government, the body said slashing service tax will immediately boost domestic consumption up to the value of the rate cut, or leave more money at the hands of the consumer. " Unlike the longer cycle time in manufacturing, a cut in the service tax will make an immediate impact," IAMAI said. IAMAI said it has been demanding a moratorium on service tax for nascent industry segments like Internet and mobile value-added services business for some years. "A reduction in service tax to 8 per cent on all 104 categories of services under this tax for at least two years would be an appropriate measure to match the revival packages recently announced for the manufacturing sector," IAMAI said. Among the services listed by IAMAI for a tax relief are the likes of online advertising, online services, mobile value-added services, Internet cafe and units in special economic zones.