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Service Tax & CBEC

Centre mulls hike in service tax rate if GST rollout is delayed

January 11, 2017
[Source:] The Centre could consider increasing the service tax rate in the coming Budget as a fallback option in case the rollout of the Goods and Services Tax (GST) is delayed beyond April 1. “There is some thinking of an increase in the service tax rate in case the GST is not implemented from April. A higher rate will

Exporters need to prepare for GST

[Source:; Author: Ajay Srivastava] GST will usher in a new regulatory regime for India’s exports. For the manufactured product exporters, the most significant impact would be the increased requirement and blockage of working capital. For manufacturing a product, a firm buys locally or imports raw material and machinery. The

Is higher service tax fuelling black money in the system?

April 26, 2016
[Author: Latha Venkatesh, Executive Editor, CNBC-TV18; Source:] One criticism of bankers and money market dealers of the Reserve Bank’s monetary policy conduct in the past year has been the rising liquidity deficit in the interbank market. Since December 2015, banks have been borrowing Rs 1.5-2.5 lakh crore from RBI
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