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75-year-old retiree loses whopping Rs 11cr in cyber fraud

A 75-year-old retired ship captain Mumbai has lost a staggering Rs 11.16 crore over four months in a cyber fraud scheme falsely promising lucrative returns on stock market investments, police said.......

More trouble for journalist Mahesh Langa as 2nd FIR filed

The Gujarat police have registered a theft case against senior journalist Mahesh Langa, who is already behind bars in an alleged Goods and Services Tax scam, following the recovery of some......

Is Health Insurance Tax Relief Coming?

Full exemption for all health insurance premiums and reinsurance or a reduction in the GST rate from 18% to 5% on health insurance services is likely. Illustration: Uttam Ghosh/Rediff.com  ......

Senior journalist arrested in Gujarat in GST 'scam'

The Ahmedabad Crime Branch on Tuesday arrested a senior journalist with a leading newspaper in Gujarat in an alleged Goods and Service Tax (GST) scam, officials said. Image only for......

'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......

Govt proposes compliance scheme for service tax defaulters

Aiming to "entice" a large number of assessees to return to the tax fold, the government on Thursday proposed a one-time scheme called 'Voluntary Compliance Encouragement Scheme' for service tax......

Budget 2012: Service tax rate hiked to 12%

Telephone use, eat-outs and other activities will cost more as Finance Minister Pranab Mukherjee proposed increasing the service tax rate to 12 per cent from 10 per cent and introducing a negative......

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......

Centre-state consensus on service tax, finally

Consensus has eluded the Centre and states on the proposed Goods and Services Tax. But in a pre-Budget exercise, states on Monday gave their approval to the introduction of a list of areas to......

Pranab withdraws service tax levy on healthcare

Bowing to demand from all quarters, Finance Minister Pranab Mukherjee on Tuesday announced withdrawal of the proposed 5 per cent service tax on airconditioned hospitals with more than 25 beds and......

Service Tax dept demands Rs 536 crore, BCCI takes legal route

A policeman walks past a logo of the Board of Control for Cricket in India (BCCI) during a governing council meeting of the Indian Premier League (IPL) at BCCI headquarters in Mumbai. Photograph:......

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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