Tag Archives: service tax

Tax Collections Exceed Target, Thanks to Demonetisation

The total tax revenue targets of the revised estimates for 2016-17 for both Direct and Indirect Taxes was Rs. 16.97 lakh crore of which 8.47 lakh crore was for Direct Tax and Rs.8.5 lakh crore from Indirect Tax, owing to demonetisation of hig valued currency notes on November 8, 2016. It may be recalled that the Revised Estimate figures of ...

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Service Charge in Hotel Bill? No Need to Pay, Says Govt

The Department of Consumer Affairs has finally woken up to the consumer needs that it has asked the state governments to implement one of the most violated and not followed Act in the country – the Consumer Protection Act, 1986. The Act clearly leaves the option of paying tip or service charge to the customer to pay or not. In ...

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Demonetisation: Railway Ticket Online Reservation to be Rs.40 Less Until Dec.31, Other Measures at Glance

In view of ongoing cash crunch, the Railway ministry has accepted a proposal to repeal service charges on train tickets booked on its portal irctc.co.in to encourage credit or debit card payments instead of cash by people. However, the facility will be in effect until the end of December 31, 2016. Now train tickets online could save general passengers Rs.40 ...

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Unsold Houses Highest in Delhi, Mumbai, Bangalore: Report

The reality check on real-estate inventory shows that many flats built in metros remain unsold for longer duration, hitting the bottom line that the middle class is unable to buy them and the rich refuse to put in their money, while the government refuses to reduce tax on them. The alarming rise in the number of unsold flats in six ...

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