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Service Tax & CBEC - Page 4

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

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January 11, 2017
[Source: www.thehindubusinessline.com] 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

Controversy – Service Tax on Copyrights

[By Shaleen Shah (Partner), VNCA] The Finance Act, 2010 has amongst other amendments, proposed following new service on Copyrights w.e.f. 1-Jul-2010: The existing taxable service ‘Intellectual Property Right (IPR)’ excludes copyright from its scope. The service of transferring temporarily or permitting the use or enjoyment of Copyrights on (a) cinematographic

Service Tax Amendments – The Finance Act, 2010

June 26, 2010
[By Shaleen Shah (Partner), VNCA] DOWNLOAD PDF FILE Budget-2010 proposed several amendments under Service Tax. The Finance Bill, 2010 presented on 26-Feb-2010 was enacted & received the assent of the President on 8-May-2010. Post Budget, several notifications were issued to effect certain budget proposals. In a further Notification No. 24/2010-ST

Pre-Budget `09 Whispers

When the FM presents his full Budget on 6th July `09, his priorities will be clear – Bridge the fiscal deficit Garner funding for infrastructure Put economy back on high growth trajectory Promote Equitable Growth Inflation – Even as WPI falls, consumer price index is very high Need for simplified,
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