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Customs And Service Tax

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'Would like to move on': Annapoorna Hotel on owner's video with FinMin

Sri Annapoorna Hotel on Saturday appealed to the people to put to rest unnecessary assumptions and political misunderstanding after a video of its owner apologising to Union Finance Minister......

File Service Tax Returns Online

The Central Board of Excise and Customs has allowedonline filing of Service Tax Returns-ST-3 from April 2003.Initially, this facility has been extended to only select class or group of service tax......

Body massager can't be used as sex toy: HC raps Customs dept

A body massager cannot be categorised as an adult sex toy and hence cannot be included in the list of items prohibited for import, the Bombay high court has said. Image only for representation.......

Air India in trouble: Service tax dept freezes accounts again

The Service Tax Department has once again frozen the bank accounts of the national carrier Air India for non-payment of dues running into a little over Rs 300 crore (Rs 3 billion). This is the......

Hotels: Service tax levy spoils the party

Budget provisions: Five per cent Service tax (effectively on whole amount) on hotel accommodation in excess of declared tariff of Rs 1,000 per day charged to the customer. The levy will be......

2% hike in excise duty, service tax likely

Restoration of Customs duty on crude oil & rollback of exemptions likely.The finance ministry is considering a proposal to raise excise duty and service tax by two per cent to 14 per cent each in......

Govt to exempt 14 more services from tax

Advocates with a turnover of up to Rs 10 lakh (Rs 1 million), companies engaged in construction of metro projects, law firms, and entities providing public conveniences will not have to pay 12......

E-commerce spend driving use of credit cards in non-metros, says Visa

With rising disposable incomes in cities beyond metros, the penetration of credit cards — and consequently, credit card spending — is growing at a much faster pace than in traditional......

Service tax row: Supreme Court rejects BCCI's plea

The Supreme Court on Wednesday rejected the Board Of Control For Cricket In India's plea against a tribunal order asking it to pay around Rs 18 crore as service tax for video graphing matches and......

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