Companies unlikely to get transition credit for cesses paid earlierAlthough the government had made it clear at the outset that no transition credit would be available after implementation of the GST regime...
23 Jan, 2018, 11.10 PM IST
Government collected Rs 2,35,308 crore as cesses in 2016-17The amount generated from the aforesaid cesses and surcharges under the indirect tax category stood at Rs 1,88,368.58 crore last fiscal.
28 Jul, 2017, 04.10 PM IST
LTCG tax on equity, STT left untouched in Budget: 10 taxes to pay when you investRelieved? But don’t lose sight of the fact that you actually pay as many as 10 taxes in the financial markets when you invest or save. Take...
01 Feb, 2017, 01.03 PM IST
Are multiple service tax rates in the offing?While Budget 2016 had hiked the service tax by 0.5 per cent to 15 per cent, all eyes will be on Budget 2017 to see if there will be any fur...
18 Jan, 2017, 04.14 PM IST
Know the charges, taxes on your restaurant bill to avoid being overchargedIt is always better to know the charges and taxes levied on your restaurant bill if you want to avoid being overcharged.
09 Jan, 2017, 05.30 PM IST
Krishi cess not applicable if invoice generated before May 31Finance Minister Arun Jaitley announced 0.5% Krishi Cess on all taxable services to be used for improvement of agriculture sector and farme...
26 Jun, 2016, 11.09 AM IST
AC train fare to become marginally costlierKrishi Kalyan cess of 0.5 per cent on service tax will be imposed on all AC class tickets, freight and parcel, a senior Railway Ministry of...
31 May, 2016, 09.58 PM IST
Some cheer and jeer! 4 tax decisions that will impact your pocket from tomorrowIf you are taxpayer, there is some cheer and jeer coming your way tomorrow. Here's a quick list of what's going to impact your pocket from ...
31 May, 2016, 04.46 PM IST
Phone bills, eating out and banking transactions become costlier from next monthFinance minister Arun Jaitley had proposed the Krishi Kalyan Cess in this Budget, which is at 0.5% on all taxable services.
30 May, 2016, 04.16 PM IST
retrospective tax impact of Krishi Kalyan Cess worries India IncWhile India Inc has made representations in this regard, till date a clarification has not been issued by the Central Board of Excise and C...
24 May, 2016, 03.29 PM IST
Government should reconsider imposition of Krishi Kalyan CessCredit of such cess shall be allowed as Cenvat credit for payment of cess by a service provider. However, manufacturing units will be unabl...
09 May, 2016, 04.08 PM IST
Additional cess to be subsumed in GST within one year: Tax officialIn Budget 2016-17 presented by Arun Jaitley last month, the government has imposed two new cesses -- one related to farm and another for in...
05 Mar, 2016, 02.35 PM IST
Budget 2016: Arun Jaitley gives extra thrust to rural and farm segmentsArun Jaitley’s Budget also tried to woo the BJP’s traditional urban non-salaried middle class, with reforms towards presumptive tax.
01 Mar, 2016, 01.51 AM IST
Budget 2016: NDA government failed to propose roadmap to control fiscal deficit, says Sachin PilotTerming the Union budget 2016-17 as a "dissapoinment", he said provisions like Krishi Kalyan Cess, Infra Cess and Clean Energy Cess will pu...
29 Feb, 2016, 07.26 PM IST
Budget 2016: Service tax proposed to be increased from 14.5% to 15%By imposing Krishi Kalyan Cess of 0.5% on all taxable services, FM proposes to increase service tax to 15 percent.
29 Feb, 2016, 04.35 PM IST
Budget 2016: Budget brings 2 new cesses, hikes environment levyGovt today proposed Krishi Kalyan Cess and Infrastructure Cess, raised incidence of Environment levy, while deciding to do away with as man...
29 Feb, 2016, 04.12 PM IST
Budget 2016: Additional 0.5% tax on all taxable services under Krishi Kalyan Tax for benefit of farming communityHowever, the finance minister did not explain the channel or area for usage of the corpus collected under this scheme.
29 Feb, 2016, 03.24 PM IST