The Supreme Court on Tuesday ruled that the lottery distributors are not liable to pay service tax to the Central government and it is the state government alone which can impose taxes on the lotteries and not the Centre.
It is believed that Govt has considered various options including raising rates from 5 per cent to 8 per cent and 12 per cent to 15 per cent,
Excise collections may take a hit as dealers are refraining from purchasing goods from manufacturers as they are not sure…
The Centre has extended the last date for filing service tax return by five days to April 30, in a…
Services sector is likely to attract a higher tax rate of 18 per cent from the current 15 per cent…
Finance Minister Arun Jaitley may hike service tax rate to 16-18 per cent from the current 15 per cent in…
Customers dissatisfied with service at any hotel or restaurant can opt to seek that service charge not be levied, as…
