The Government today said remittances from abroad will not attract service tax, putting to rest the concerns raised in view of new tax norms. “The matter has been examined and it is clarified that there is no service tax per se on the amount of foreign currency remitted to India from overseas,” the Central Board [ Read More ]
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Railways out of service tax till September 30Prime Minister Manmohan Singh, in his capacity as Finance Minister, acceded to the request of Railway Minister Mukul Roy. The Finance Ministry issued a notification to the effect exempting high-end passenger fares and cargo freight from the purview of service tax till September 30. Mr. Roy told Dr. Singh the railways did not operate with [ Read More ] Most of the services to come under tax net from tomorrowServices to come under tax net from tomorrow All services will come under tax net from tomorrow on except those which are in the negative list with the implementation of the new service tax regime. With the exception of 38 services, which figure in the negative list, all other activities would attract 12% tax. The [ Read More ] Don’t impose service tax on healthcare: Rights panelThe National Human Rights Commission (NHRC) Thursday joined the healthcare industry in strongly opposing the proposed service tax hike in the budget, saying that it will adversely affect the common man. ‘It has come to the notice of the commission through media reports that the centre proposes to introduce a five percent service tax on [ Read More ] |
