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Voluntary Compliance Encouragement Scheme

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Thinkfest: Revenue dept looking into tax paymt by event mgmt co

The Central revenue department is inquiring into the payment of service tax by the event management firm which had organised the controversial Thinkfest on behalf of the Tehelka magazine. "We......

'This government is particularly ruthless'

'Today we see the worrisome phenomenon where honest officers who run afoul of the government being chased, hunted down and dirt being dug up on them.' IMAGE: Prime Minister Narendra Damodardas......

Budget focuses on domestic consumption amid global uncertainties

The Budget 2025-26 meets the expectations of fiscal consolidation, maintaining capital expenditure, and boosting consumption through tax cuts. Photograph: Rahul Singh/ANI Photo There are many......

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......

FM to hold review meet with Customs, Excise officials tomorrow

Union Finance Minister P Chidambaram will hold a review meeting with senior officials of Customs, Central Excise and Service Tax in Hyderabad on Wednesday. According to a senior official of the......

Why I-T Department Selected 68,000 Cases

The transactions were allegedly not reported correctly in the tax returns for FY20. IMAGE: Kindly note the image has been posted only for representational purposes. Photograph: ANI Photo  ......

Punj Lloyd faces Rs 61-cr service tax evasion charges

Infrastructure and engineering major Punj Lloyd has come under the scanner of the central excise department over alleged pending Service Tax liability of Rs 61 crore (Rs 610 million). Punj Lloyd......

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