following changes in service tax will be effective from 01.04.2015
-Abatement rate in case of Goods transport service has been reduced from 75% to 70%.Hence effective rate of service tax will be 3.708% (earlier it was 3.09%)
-In case of manpower supply service,the service receiver should pay 100% of service tax on Reverse charge mechanism(earlier it was 75% of service tax).
In a layman language tax is money that an individual or an entity provides or offers to the government of a country so that this money can be used for economic, infrastructural development or to Read more…
Every company who has foreign investment during the current year or previous year or has outstanding foreign investment in the books need to file return to RBI on there Foreign Liabilities and Assets to avoid penalty or other proceedings from the concerned authority in the future.
[tags GST, GST Council] Posted On: 22 DEC 2018 4:45PM by PIB Delhi The GST Council in its 31st meeting held today at New Delhi made the following policy recommendations: 1. There would be a single Read more…
