Tag Archive

High Property Tax Collection Comes from Khairtabad

By correspondent

In the month of April maximum collections for property tax came from the Khairtabad-2 circle. Of the 18 circles of the GHMC, Khairtabad-2 tops the list with a collection of Rs.27.39 crore which is Rs.18.59 crore more than previous year’s April transactions. After the GHMC had announced an early bird offer of 5% rebate... »

Defaulters of Service Tax will Face Prosecution without a Notice

By correspondent

Service tax defaulters can be arrested without being served a notice. Service tax officials have intensified their search for defaulters. According to the sources, authorities are hunting for data of tax paying companies so that service tax defaulters can be identified through their service incomes. Data to identify defaulters are being collected from several... »

Service Tax Under Voluntary Compliance Encouragement Scheme (VCES) Brings Rs. 480 Cr Revenue

By correspondent

Hyderabad has collected Rs. 480 crore from service tax under VCES as against target amount Rs. 250 crore. The VCES is open to businesses who defaulted to pay the tax: collected service tax from their customers and did not pay it to government. According to sources, there are still a big number of defaulters... »

Now LIC Customers have to Pay Service Tax

By correspondent

LIC customers have to pay service tax at 3.9 percent per annum per policy. However, this applies to people who are wishing to purchase a new LIC policy. Earlier the situation was different, LIC was paying service tax of 3 percent from the pool of money that they collected from their investors. LIC is... »

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... »

From January 1 Service Tax Defaulters to Face Arrest

By correspondent

The Voluntary Compliance Encouragement Scheme (VCES) is an amnesty scheme launched by the finance minister for the people who have stopped doing service tax returns and those who have never filed. This scheme provides the benefits like waiver of fine and interest to tax dues to defaulters. The service tax defaulters those who have... »

Benefits for Defaulting Service Tax Payers

By correspondent

The service tax department of State government has come up with a plan to those who never pay service tax. More than half the registered assessees (those who are to pay service tax by law) do not pay the tax. Many others have not registered with department yet. Under the norms of ‘Service Tax... »

Other tags