New service tax rate of 14% to come into effect from June 1

Last Updated: Tuesday, May 19, 2015, 22:32

The new service tax rate of 14 percent will come into effect from June 1, government said Tuesday, in a move that will make eating out in restaurants, insurance and phone bills expensive, among many other things.

CBEC eyes Rs 1.24 lakh crore from service tax: Goel

Last Updated: Friday, July 13, 2012, 20:17

With the new service tax regime coming into effect from July 1, the government expects to collect a revenue of Rs 1.24 lakh crore this fiscal, the Central Board of Excise and Customs (CBEC) said on Friday.

Hike in train fares under new service tax regime not effected

Last Updated: Sunday, July 1, 2012, 21:09

A hike in railway fares under the new service tax regime, was not effected Sunday due to a confusion over whether the Railways have been exempted from it, officials said.

Most services to cost 12% more from today

Last Updated: Saturday, June 30, 2012, 19:27

With the exception of 38 services, which figure in the negative list, all other activities would attract 12 percent tax.

Postpone implementation of new service tax regime: CBEC panel

Last Updated: Tuesday, June 19, 2012, 20:53

A CBEC panel wants the new service tax regime, which is scheduled for implementation from July 1, be deferred by 3-4 months as more time is needed to put in place the required framework.

Postpone implementation of new service tax regime: CBEC panel

Last Updated: Tuesday, June 19, 2012, 20:53

A CBEC panel wants the new service tax regime, which is scheduled for implementation from July 1, be deferred by 3-4 months as more time is needed to put in place the required framework.