News Muncher - category services tax

1 week, 3 days ago

PGIM India ELSS Tax Saver Fund performance review analysis for December

PGIM India ELSS Tax Saver Fund Dir Gr performance review analysis for December: PGIM India ELSS Tax Saver Fund Dir Gr, managed by the seasoned fund managers Bhupesh Kalyani,Vinay Paharia,Utsav Mehta,Vivek Sharma, remains a prominent player in the ELSS. PGIM India ELSS Tax Saver Fund boasts an impressive AUM of ₹755.72 crore. Performance Analysis: Over the past week, PGIM India …

Tax Performance Fund Holding Elss Pgim India Elss Tax Saver Fund

3 weeks ago

Cheema advocates for continuation of GST compensation regime

Hindustan Times

In a strong push for the continuation of the goods and services tax compensation regime, Punjab finance minister Harpal Singh Cheema on Monday strongly recommended the continuation of the GST compensation cess regime beyond March 31, 2026, to ensure that states can mitigate the revenue loss caused by the subsumation of various taxes into the indirect tax. TPunjab finance minister …

Compensation Regime Gst Services Tax Cheema Advocates

GST collection reports 8.5 per cent growth to Rs 1.82 lakh cr in November

India TV News

The gross Goods and Services Tax collections rose 8.5 per cent to over Rs 1.82 lakh crore in November on higher revenues from domestic transactions. The statement released by the government said the total gross Goods and Services Tax revenue grew 8.5 per cent to over Rs 1.82 lakh crore in November as compared to Rs 1.68 lakh crore in …

Crore Cent Lakh Gst Collection Gst Collections Services Tax

1 month ago

From Aadhaar-PAN linking to foreign taxation: 5 key income tax services at India International Trade Fair 2024

Live Mint

Visitors to the ongoing International Trade Fair 2024 at Delhi's Pragati Maidan can use several beneficial Income tax services at the Taxpayers' Lounge, specifically designed to offer professional support for various tax-related concerns. To assist taxpayers in navigating their obligations and addressing their problems, the following services are offered: Aadhaar-PAN linking, PAN-related questions, and PAN/e-PAN applications A Permanent Account Number …

Income Pan India International International Trade Fair Taxpayers Lounge

1 month, 1 week ago

Amount Received In Advance For Services To Be Treated As Income Of Assessee, Chargeable Under Income Tax: Madras High Court

Live Law

The Madras High Court ruled that any amount received in advance for services should be treated as the income of the assessee and is, therefore, subject to income tax. However, if an assessee fails to adopt “Accounting Standards” properly for computation of income, the discretion is vested with the Assessing Officer under Section 145 of the Income Tax Act, 1961.” …

Tax Income Tax Income Service Department Advance Received

1 month, 2 weeks ago

Hospices warn National Insurance tax raid will mean terminally ill take up NHS beds

The Telegraph

Terminally ill people could take up crucial hospital bed space if hospices have to pay increased employer National Insurance contributions, directors have warned. Under plans set out by Rachel Reeves, the Chancellor, in the Budget, employer National Insurance contributions will rise by 1.2 percentage points to 15 per cent from April 2025. Charlie King, the deputy director of external affairs …

Nhs National Insurance Hospices Hospice

2 months, 1 week ago

Reeves eyes up to £40bn in tax rises and spending cuts in Budget

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Institute for Fiscal Studies chief Paul Johnson said that …

Tax Labour Budget Public Services Treasury Spending Public

2 months, 1 week ago

Endorsement: Yes on Measure E to update emergency services for some L.A. County areas

LA Times

The Woolsey fire burned for two weeks in November 2018, killing three and displacing nearly 300,000 people. Voters in Santa Clarita, Lancaster and numerous smaller cities and unincorporated county communities that are part of the Consolidated Fire Protection District of Los Angeles County will find Measure E on their Nov. 5 ballot to increase property taxes to pay for fire …

Tax California Los Angeles Voters County Department Measure

2 months, 2 weeks ago

Endorsement: Yes on Measure A. The county sales tax hike is essential to ease homelessness

LA Times

A co-living apartment building in Koreatown was developed with help from LA4LA — a government, philanthropic and private sector alliance — allowing the building to be completed and converted into homeless housing. And in 2017, county voters overwhelmingly passed Measure H, which added one-quarter of a cent to the sales tax to fund homeless services and rental assistance. L.A. County’s …

Housing Tax Services Homeless Sales Homelessness Los Angeles

4 months, 3 weeks ago

No Service Tax Payable On Banking Services Rendered By PNB To RBI: CESTAT

Live Law

The Chandigarh Bench of Customs, Excise, and Service Tax Appellate Tribunal has held that no service tax is payable on banking services rendered by Punjab National Bank to the Reserve Bank of India.The bench of S. S. Garg and P. Anjani Kumar has observed that the appellant bank is working as an agent of RBI in the discharge of. The …

Tax Services Bank Service Judicial Rbi Stat

6 months ago

Will petrol and diesel come under GST? Nirmala Sitharaman replies

Hindustan Times

Union finance minister Nirmala Sitharaman said that the Centre wants to include petrol and diesel within Goods and Services Tax and it is upto states to decide. Union finance minister Nirmala Sitharaman addresses a press conference after the 53rd GST Council Meeting, at the National Media Center in New Delhi on Saturday. “.At the moment, the intention of the GST …

Sitharaman Meeting Petrol Diesel Nirmala Sitharaman Gst Council Services Tax

6 months ago

Labour would have to raise taxes to fill immediate £2bn black hole, Tories claim

The Telegraph

Labour would face an immediate £2 billion “black hole” in their public spending plans which would require early tax rises, the Conservatives have claimed. The Conservatives have pointed to a statement from Sir Keir Starmer that there will be an “immediate injection” of cash into public services if Labour forms a government, along with comments from Ms Reeves that every …

Labour Tories

6 months ago

Navigating five years of UK fintech amid Brexit and Covid-19

The Independent

Payrow is a Business Reporter client. The UK’s fintech sector has transformed in the past five years thanks to technological advancements, evolving consumer expectations, and regulatory changes. The UK government has introduced initiatives to support the sector, including expanding public funding, offering R&D tax credits and providing tax incentives for investors through schemes such as the Enterprise Investment Scheme and …

Security Brexit Services Investment Companies Fintech Sector

9 months, 2 weeks ago

Court rejects bid to block Chicago ballot measure that would tax real estate for homeless services

Associated Press

CHICAGO — Chicago voters will get the chance this month to decide on a ballot measure that would levy a one-time tax hike on luxury properties to pay for services for homeless people, a panel of appeals court judges ruled Wednesday. If approved, the measure would raise the city’s real estate transfer tax on properties valued at more than $1 …

Real Estate Chicago Vote Measure

9 months, 3 weeks ago

GST Council may soon clarify tax exemption to RERA

Hindustan Times

The GST Council is likely to soon clarify that Real Estate Regulatory Authority will not be required to pay Goods and Services Tax, an official said. A meeting of GST Council, chaired by Union Finance Minister and comprising state ministers, is likely to be held before the imposition of Model Code of Conduct for the general election due in April-May. …

Tax Council Real Rera Gst Gst Council Goods And Services Tax

10 months, 1 week ago

Kerala High Court Weekly Round-Up: February 5 - February 11, 2024

Live Law

Nominal Index Radhika v. Unnikrishnan 2024 LiveLaw 88Deputy Commissioner, Kerala State Goods and Services Tax Department vs. National Company Law Tribunal 2024 LiveLaw 89Shinoj Singh & Ors. Case Title: Deputy Commissioner, Kerala State Goods and Services Tax Department vs. National Company Law Tribunal Citation: 2024 LiveLaw 89 While allowing a Writ Petition, the Kerala High Court bench of Justice Dinesh …

Kerala High Court Court Sexual Harassment Kerala High Court 2024 State

1 year, 3 months ago

CISF Lacked Clarity About Leviability Of Service Tax On The Security Services; CESTAT Quashes Penalty

Live Law

The Ahmedabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal has quashed the penalty on the Central Industrial Security Force on the grounds that CISF lacked clarity about the leviability of service tax on the security services.The bench of Ramesh Nair and C. L. Mahar observed that since there was a lack of clarity about. The Ahmedabad Bench …

Tax Central Stat Clarity Cest Service Tax Security Service

1 year, 4 months ago

No Service Tax Applicable On Providing Repair, Management And Maintenance Of Roads Services To NHAI: CESTAT

Live Law

The Hyderabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal has held that no service tax is applicable to the repair, management, and maintenance of road services for the National Highway Authority of India.The bench of Anil Choudhary and A.K. The Hyderabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal has held that no service tax …

Tax Services Management Maintenance Roads Service Nhai

1 year, 4 months ago

Parliament paves way for 28% GST on online gaming

The Hindu

The Parliament on Friday cleared amendments to the Goods and Services Tax laws to facilitate the levy of 28% GST on the face value of all bets made in casinos, horse-racing and online gaming. Approved by the GST Council earlier this month, the legislative changes, moved through the Integrated GST Bill, 2023 and The Central GST Bill, 2023, include a …

India Council Online Gaming Parliament Gst Levy Services Tax

1 year, 5 months ago

6 years of GST: Tracing role of Atal Bihari Vajpayee, Vijay Kelkar, P Chidambaram, Arun Jaitley, and others

Hindustan Times

With the implementation of a Goods and Services Tax on July 1 2017, India took a huge step towards modifying its indirect taxation system. A proposal for introducing a Modified Value Added Tax was initiated by the then Finance Minister Vishwanath Pratap Singh, aiming to streamline the indirect tax system. 2000: A meeting between Prime Minister Atal Bihari Vajpayee and …

India Constitution System Gst Finance Minister Goods And Services Tax Indirect Taxation

1 year, 6 months ago

Ad watchdog takes action against tax repayment agents

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. All three advertisers – trading as The Tax Hero, Fast Track Reclaim and Total …

Tax Tax Refunds Sign Agents Hmrc Repayment Tax Repayment Agents

1 year, 10 months ago

Finance Minister Proposes Tax Incentives To International Financial Services Centre

Live Law

In her Budget 2023-24 speech, Finance Minister Nirmala Sitharaman proposed tax incentives to the international financial services centre. Over the past few years several tax concessions have been provided to units located in the International Financial Services Centre under the Act to make it a global hub of the financial services sector. Income of non-residents on transfer of Offshore Derivative …

Tax Income Odi Ifsc Ibu International Financial Services Centre

1 year, 10 months ago

Budget 2023-24 Expectation: Government should simplify complex capital gains tax regime

Firstpost

A Union Budget carries a huge burden of expectations. There is a strong case to simplify the capital gains tax regime including rationalizing the holding periods and tax rates for various asset classes. The reduction of tax rates for foreign bank branches would attract foreign banks to increase their coverage in India and shall help attract more foreign capital. To …

India Growth Insurance Financial Financial Services Corporate Tax Companies

1 year, 10 months ago

Budget 2023-24 Expectation: Need for clarity on equalisation levy; higher tax on virtual digital assets

Firstpost

Among the tax base broadening initiatives taken by the government in recent years in the digital sector, two key measures that have stood out are the equalisation levy and higher tax on virtual digital assets. Taxing digital economy Unlike the digital services tax applied by some other countries, the widened scope of EQL provisions in India covers even the traditional …

India Budget Online Pan Levy Nft Digital Assets

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Articles for Services Tax

PGIM India ELSS Tax Saver Fund performance review analysis for December

Cheema advocates for continuation of GST compensation regime

GST collection reports 8.5 per cent growth to Rs 1.82 lakh cr in November

From Aadhaar-PAN linking to foreign taxation: 5 key income tax services at India International Trade Fair 2024

Amount Received In Advance For Services To Be Treated As Income Of Assessee, Chargeable Under Income Tax: Madras High Court

Hospices warn National Insurance tax raid will mean terminally ill take up NHS beds

Reeves eyes up to £40bn in tax rises and spending cuts in Budget

Endorsement: Yes on Measure E to update emergency services for some L.A. County areas

Endorsement: Yes on Measure A. The county sales tax hike is essential to ease homelessness

No Service Tax Payable On Banking Services Rendered By PNB To RBI: CESTAT

Will petrol and diesel come under GST? Nirmala Sitharaman replies

Labour would have to raise taxes to fill immediate £2bn black hole, Tories claim

Navigating five years of UK fintech amid Brexit and Covid-19

Court rejects bid to block Chicago ballot measure that would tax real estate for homeless services

GST Council may soon clarify tax exemption to RERA

Kerala High Court Weekly Round-Up: February 5 - February 11, 2024

CISF Lacked Clarity About Leviability Of Service Tax On The Security Services; CESTAT Quashes Penalty

No Service Tax Applicable On Providing Repair, Management And Maintenance Of Roads Services To NHAI: CESTAT

Parliament paves way for 28% GST on online gaming

6 years of GST: Tracing role of Atal Bihari Vajpayee, Vijay Kelkar, P Chidambaram, Arun Jaitley, and others

Ad watchdog takes action against tax repayment agents

Finance Minister Proposes Tax Incentives To International Financial Services Centre

Budget 2023-24 Expectation: Government should simplify complex capital gains tax regime

Budget 2023-24 Expectation: Need for clarity on equalisation levy; higher tax on virtual digital assets