« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  Tax officer as business manager... No service tax on defence construction in Cantt area... » 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.