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INDIAN STATES WANT 50% SHARE OF ST KITTY, CENTRE YET TO AGREE.
NEW DELHI, Dec 1 Asia Pulse - States have demanded that Centre should share with them the Service Tax mop up on a 50:50 basis but federal Finance Minister P Chidambaram said any decision on the issue would be taken by a "consensus".
"A variety of views were expressed. We will examine the views carefully... I have no doubt, we will reach a consensus," Chidambaram said Tuesday at the conclusion of the first ever meeting of state Finance Ministers with senior officials of Union Finance Ministry on Service tax.
"Some very interesting ideas were thrown up and important issues highlighted. It's an encouraging process," he said.
Speaking on behalf of states, West Bengal Finance Minister Asim Dasgupta said "all states have said central ...
- Centre may take service tax route to compensate CST losses.
- News wire article from: PTI - The Press Trust of India Ltd. December 17, 2005 700+ words
...the appropriation of service tax collection, which...base, collection of service tax may be done both by...be separate from the Finance Commission recommendations on...to VAT, sharing of service tax proceeds would be an...
- SERVICE TAX NET MIGHT BE WIDENED: INDIAN FINANCE MINISTER.
- News wire article from: AsiaPulse News March 8, 2005 700+ words
...hinted at expanding the service tax net to possibly include...doctors and lawyers. "Service tax net may progressively...Chidambaram said, adding service tax was generating an income...recommended by the 12th Finance Commission, grants, share of...
- Service tax on business class travel.
- Newspaper article from: Economic Times (New Delhi, India) October 27, 2006 700+ words
...27--Widening the ambit of service tax, the Government has been bringing...more and more services under the service tax net. Some time ago the government...international air travel in the ambit of service tax. Services provided by the aircraft...
- Service tax likely on all classes of air tickets.
- Newspaper article from: Economic Times (New Delhi, India) August 22, 2006 700+ words
...details about their fare structure and the service tax paid by them on first and business class...precursor to tougher implementation of service tax on premium air fares which could ultimately...subjected premium-class air travel to service tax of 12 percent, despite protests from...
- A new guide for professionals on service tax.
- News wire article from: PTI - The Press Trust of India Ltd. January 15, 2006 700+ words
A new guide for professionals on service tax New Delhi, Jan 15 (PTI) Almost 15...widening the tax net. Introduced in 1994, Service Tax is one of the new taxes which is now...guide them on the issues relating to service tax. 'Service Tax - Laws and practice...
- Manufacturing in India comes under freight service tax burden.
- Newspaper article from: Economic Times (New Delhi, India) January 4, 2005 700+ words
...India -- With road freight coming under service tax from January 1, the service tax issue has become further complicated. This...not the service provider is to pay the tax. Service tax of 10.2 percent will be charged on the freight...
- ONGC refuses to reimburse service tax.
- News wire article from: PTI - The Press Trust of India Ltd. August 14, 2008 700+ words
ONGC refuses to reimburse service tax New Delhi, Aug 14 (PTI) Oil...Corp have refused to reimburse service tax on offshore vessels they hire...operators for reimbursement of service tax." "E&P operators like...
- CBEC simplifies service tax norms.
- Newspaper article from: Economic Times (New Delhi, India) November 5, 2006 700+ words
Nov. 5--NEW DELHI -- Payment of service tax is getting simpler as multi-location service...providing taxable service were liable to pay service tax under the provisions of service tax law. Earlier, only the person providing taxable...