service tax

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Government to move Supreme Court on service tax on commercial rent

http://economictimes.indiatimes.com

The Delhi High Court has ruled that commercial renting of premises will not attract service tax , in a move that will cheer India Incfighting a slowdown but leave the central government about Rs 8,000 crore poorer every year.The Centre will challenge the order in the Supreme Court, said a government official who did not wish to be identified.

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Created by kiranyande 2 years 40 weeks ago
Category: Business   Tags:
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Govt cuts service tax, excise as alarm bells ring on state of finances

http://www.indianexpress.com

Barely a week after it cited Constitutional propriety to justify no new fiscal measure, the Government today provided a massive Rs 30,000-crore boost to the slowing economy by slashing thecentral excise duty and service tax rates by 2 percentage points each...

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Created by kiranyande 2 years 48 weeks ago
Category: News   Tags: