Latest News on Service Tax
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Service Tax - Total results - 157
Jan 30, 2020
Govt expected to receive over Rs 39,500 cr under Sabka Vishwas Scheme; realisation a big booster amid revenue shortfall concernsThe Sabka Vishwas Scheme, which became operational on 1 September 2019, provides a one-time window to eligible persons to declare their tax dues and pay the same in accordance with the provisions.
Jan 16, 2020
Budget 2020: Jewellery sector seeks reduction in gold customs duty to 6%, polished diamonds to 2.5% to revive industrySaying that liquidity is a major area of concern, All India Gem and Jewellery Domestic Council (GJC) Chairman Anantha Padmanaban said the government should take steps to ensure that banks lend to jewellers.
Jan 01, 2020
Govt extends last date for Sabka Vishwas scheme till 15 January for settling disputes of service tax, central exciseThe Finance Ministry on Tuesday extended the 'Sabka Vishwas Scheme', a dispute resolution-cum-amnesty scheme for settling pending disputes of service tax and central excise, by 15 days till 15 January
Sep 16, 2019
With hundreds of economic offence cases pending for 2 decades, SIT calls for special courts to punish lawbreakers within yearWhile there is a sharp increase of 226 percent in the number of complaints against economic offences, the prosecution of offenders is hit by delays and hundreds of cases have been pending for more than two decades
Aug 26, 2019
Panel to take decision within 60 days under tax amnesty scheme; assessee to face action for false declaration: CBICThe dispute resolution component of the scheme is aimed at liquidating the legacy cases of central excise and service tax that are subsumed in GST and are pending in litigation at various forums.
Jan 08, 2019
GST, excise, service tax evasion of Rs 48,555 cr detected during April-DecemberGST, central excise and service tax evasion detected during the April-December period of the current financial year stood at Rs 48,555 crore, the highest in two years.
Jul 12, 2018
Revenue department arrests company director for tax evasionThe company had collected more than Rs 3 crore as service tax from its clients but had not deposited the same with the exchequer, it said in a statement.
Jun 25, 2018
Trying to avoid paying GST? GSTN working on data analysis tools to help taxmen check tax evasionGST Network (GSTN), the company handling the technology backbone for Goods and Services Tax, has over the last 11 months provided a platform for businesses to file their returns and pay taxes every month.
May 21, 2018
GST department arrests two businessmen in Mumbai for 'duping exchequer of Rs 127 crore by issuing fake invoices'GST department arrested two persons in Mumbai for allegedly duping the exchequer of Rs 127 crore by issuing fake GST invoices and not paying the service tax
Oct 23, 2017
GST: Rates have to be rejigged to reduce burden on small units, will take a year to stabilise, says Hasmukh AdhiaThe rejig would require some calculations by the fitment committee, which will decide which items need a rationalisation of rate under the GST regime which kicked in from 1 July