Government mulls 2% cess on air tickets

Last Updated: Thursday, August 27, 2015, 16:49

The money raised through the cess would be utilised for viability gap funding of domestic carriers operating flights to regional and remote areas.

Service Tax: Penalty norms encouraging voluntary compliance

Last Updated: Wednesday, June 3, 2015, 18:29

In case of voluntary payments along with interest, reduced penalty have been provided depending upon the stage of litigation i.e. Prior to issuance of show cause notice, after issuance of show cause notice but before adjudication or after adjudication.

Higher service tax comes into effect; eating out, travel and mobile become expensive

Last Updated: Monday, June 1, 2015, 08:38

The government's proposal to increase the rate of service tax from 12.36 percent (including education cess) to 14 percent has come into effect from Monday.

Mobile, hotel, other services to be costlier from Monday

Last Updated: Sunday, May 31, 2015, 11:37

Finance Minister Arun Jaitley in his Budget had proposed to raise service tax from 12.36 per cent (including education cess) to 14 per cent. The proposal takes effect from June 1.

DoT asked to levy Swachch Bharat cess on spectrum charges

Last Updated: Friday, January 9, 2015, 14:24

The Cabinet is believed to have asked the Department of Telecom to examine imposing a Swachch Bharat cess on spectrum charges paid annually by service providers.

ONGC's subsidy burden being cut

Last Updated: Monday, December 8, 2014, 19:12

The government plans to sell 5 percent stake in ONGC worth about $2.5 billion as part of its divestment programme.

Oil Ministry to cut subsidy burden of ONGC, adjust its cess payment

Last Updated: Monday, December 8, 2014, 13:58

The move to lessen the subsidy burden will give a flip to government's plan to sell 5 percent stake in Oil and Natural Gas Corp (ONGC) to garner about Rs 17,000 crore.

Cess from mining workers should be utilised in Goa: Rane

Last Updated: Wednesday, April 17, 2013, 16:43

Leader of Opposition in Goa Assembly Pratapsingh Rane today demanded on the floor of the House that the money collected from the mining workers in the form of a cess should be ploughed back in the state.

Govt expects Rs 3,864.20 crore this fiscal from clean energy cess

Last Updated: Thursday, December 6, 2012, 15:26

The government on Thursday said it expects to rake in Rs 3,864.20 crore tax revenues by way of clean energy cess this fiscal, higher than the amount received in 2011-12.

Decision on petrol cess cut in two days: Gowda

Last Updated: Thursday, June 14, 2012, 14:14

Karnataka CM DV Sadananda Gowda Thursday said the government would take a decision on reducing cess on petrol in a couple of days after consulting finance officials.

ONGC wants Centre to offset additional cess on crude

Last Updated: Thursday, April 26, 2012, 19:36

PSU oil major, Oil and Natural Gas Corp (ONGC), Thursday said that it has appealed the government to offset the additional cess on crude.

Cess hike on crude oil will impact profits by Rs 4,500cr: ONGC

Last Updated: Friday, March 23, 2012, 21:23

State-owned Oil and Natural Gas Corp (ONGC) today said its profitability will be impacted by Rs 4,500 crore as Finance Minister Pranab Mukherjee raised cess on crude oil production.