New Service tax rate w.e.f 1st June 2016

Service tax is paid by the service provider or the recipient of services in some cases.When service tax was introduced it was applicable only on few services.But,with the passage of time almost all services have been brought in the service tax net.Now,only the services mentioned in the negative list of services as provided by government, … Read more

UNION BUDGET 2016-17 : HIGHLIGHTS for Salaried,professionals and Businessmen

Monday,29th Feb 2016 the Finance Minister Mr.Arun Jaitley presented his 3rd Union budget,a budget that was being awaited with bated breath by different class of people . There had been various pre budget discussions and seminars portraying the numerous demands and proposals from the common man,the tax experts and the politicians.People had huge expectations that FM … Read more