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Double-edged sword: High initial GST rate may make most services costlier

Apr 21, 2015

Double-edged sword: High initial GST rate may make most services costlier

Services may bear the brunt of any new goods and services tax, thus pushing up costs all around. #HowThisWorks #Arun Jaitley #Goods and Services Tax #Excise #service tax #revenue neutral rate
Your Uber ride just got more expensive thanks to Jaitley's service tax diktat

Apr 21, 2015

Your Uber ride just got more expensive thanks to Jaitley's service tax diktat

The service tax will hit consumers because Jailtey had clarified that the tax will be levied on the total fare and not just the commission being earned by the aggregators for every ride. #India #service tax #Uber #cab rides
Govt gets Rs 5,814 cr revenue from AAI in four years

Apr 20, 2015

Govt gets Rs 5,814 cr revenue from AAI in four years

Raju said the ministry has requested the finance ministry to reduce the "burden of service tax on MRO work and state governments to reduce VAT (Value Added Tax) on aircraft parts to reduce overall maintenance charges of aircraft". #NewsTracker #Lok Sabha #Income tax #service tax #AAI #Federation of Indian Airlines #Ashok Gajapathi Raju Pusapati
Business class travel expensive from 1 April, museum, zoo visit get cheaper

Mar 31, 2015

Business class travel expensive from 1 April, museum, zoo visit get cheaper

Finance Minister Arun Jaitley had came out with a host of proposals last month to rationalise service tax, which is levied at an effective rate of 12.36 percent. #Economy #ThisisNext #Mutual Funds #Arun Jaitley #service tax #finance bill #Chit funds #Business class
Reminder: From tomorrow eating out, air travel will get costlier thanks to service tax hike

Mar 31, 2015

Reminder: From tomorrow eating out, air travel will get costlier thanks to service tax hike

Entry tickets to museums, zoo and tiger reserves would become cheaper, while business class air travel, investment in MFs and chit funds would become expensive with some of the service tax proposals announced in the Budget coming into effect from tomorrow. #Arun Jaitley #service tax #air tickets #Budget2015