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…
Tag: tax
Defaulters of Service Tax will Face Prosecution without a Notice
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…
Service Tax Under Voluntary Compliance Encouragement Scheme (VCES) Brings Rs. 480 Cr Revenue
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…
Now LIC Customers have to Pay Service Tax
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…
Soon Cyberabad Neighbours Have to Pay Higher Taxes
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…
From January 1 Service Tax Defaulters to Face Arrest
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…
Benefits for Defaulting Service Tax Payers
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.…