Tuesday, 19 May 2015

Service Tax of 14% instead of 12.36 % will be applicable from June 1 2015

Finance Ministry has informed that the date of the proposed service tax hike is applicable from June 1, 2015. The Union Budget had announced hike in service tax rate hike to 14% from 12.36%. However, no decisions have yet been taken on the levy of Swachh Bharat Cess. It was announced in the Budget that a Swachh Bharat Cess Upto 2% will be levied

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CBDT notifies conditions for presumptive taxation of foreign cruise ship operators in India

  This Tax Alert explains the Notification   dated 21 January 2025 issued by the Central Board of Direct Taxes (CBDT) prescribing conditions...