Tag Archive

Soon Cyberabad Neighbours Have to Pay Higher Taxes

By correspondent

People residing in Cyberabad neighbours Nizampet, Shamshabad, Pragathinagar, Bachupalli and other areas soon have to pay higher taxes. The Ranga Reddy district administration has prepared a draft for upgradation of these gram panchayats into nagar panchayats and municipalities. Property tax rates in these areas are comparatively very less than nagar panchayats, municipalities and municipal... »

Service Tax on School/College Bus Fee – An Additional Burden on Parents

By correspondent

Here is another example of how our policy makers are discouraging education in India. It is just how you are paying service tax on the food in AC restaurants, you now have to pay 12% service tax on school/college bus fee. Till now (before 31 Mar’13), transportation services provided to or by an educational... »

Only 2.77% of Indians Pay Income Tax

By HIOC Team

01 Sep 11: According to the Ministry of Finance, of the total Indian population of 1.21 billion, only 2.77 percent or 3,35,79,831 (33.57 million) people have paid the personal tax, as on March 2011. But it is seen that the direct tax collection rose from Rs. 378,063 crore in 2009-10 to Rs. 446,070 crore... »

State Government Waives off Interest on Property Tax Arrears

By HIOC Team

26 March 2011: The interest on commercial property tax arrears of the previous years, till 2010-2011, under the Greater Hyderabad, Greater Visakhapatnam and Greater Vijayawada zones are waived off by state government. But this waiver can be obtained only if the tax arrears are paid in in lump sum before March 31. The already... »

GHMC to Add 40 Trades to Tax

By HIOC Team

Greater Hyderabad Municipal Corporation (GHMC) conducted a meeting to discuss the draft budget estimates for 2011-12 and to revise estimates for 2010-11. A proposal was made to add 40 new trades such as hotels, coffee shops, private swimming pools and more for trade licenses and tax payment. They also made a plan to increase... »

Tax Payment Options Made Easy for Businessmen

By HIOC Team

Some of the businessmen gave complaints to the chief Minister about tax official’s corruption and unnecessary interface. To make work easy for traders, certain administrative reforms are initiated in the commercial tax department. Businessmen will be allowed by the new initiatives to operate their business with out visiting tax offices. Everything from filing sales... »

Now Filing VAT Returns Will Be Cheap

By HIOC Team

The filing of the Value-Added Tax (VAT) returns at e-seva centres will be cheaper now. The commercial taxes decided to charge only Rs.10/- from each VAT dealer instead of Rs.50/- which is being collected now. On 7th May, Mr. Asutosh Mishra, the Revenue Principal Secretary issued the orders in this regard. (Source: Deccan chronicle) »

Dining Out May Become Expensive Due To Hike In VAT

By correspondent

Dining out is expected to become more expensive, because the state government increased the value-added tax (VAT) by two per cent on food items delivered in hotels and restaurants which have annual turnover of more than Rs 1.5 crore. As the hike in VAT is implemented immediately, all the hotels having three star rating... »

Five Years Of VAT Introduction: Observes Mixed Results

By correspondent

After five years of introduction of Value Added Tax (VAT) in the State, the mixed results are being observed. The government earned the huge revenue in absolute terms but the growth rate on yearly basis was the lowest during the period. The revenue collected was Rs. 26,165 crore, which was the highest but the... »

GHMC Decides to Collect Tax for Sign Boards

By HIOC Team

The Greater Hyderabad Municipal Corporation (GHMC) decided to collect advertisement tax under another section of the GHMC Act. The decision will affect nearly eight lakh businesses, along with petty and small traders. GHMC took this decision against the high court’s interim order to exempt shops and establishments that erect signboards on their buildings from... »

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