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Noida Restaurant Service Charge Fight: The latest news over service charges added to the bill in Noida’s restaurant is in the headlines these days. But what to do if a restaurant levy service charges?
The Central Consumer Protection Authority (CCPA) on July 4 prohibited hotels and restaurants from adding a service charge by default or without the customer’s consent to food bills and allowed consumers to report violations. But National Restaurant Association of India filed a petition against these guidelines and Delhi High Court stayed them. But the debate has not ended yet. So, can a restaurant levy a service charge and is it mandatory for you to pay it? Watch to find out.
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Tax-related associations say the department has issued notices even to many businesses which are exempt from service tax for the year 2015-16. Experts say that not all differences in data between income tax and service tax amount to tax evasion.
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Out of the total provisional indirect tax collections, custom duty collections came in at Rs 1.32 lakh crore, excise and service tax collections came at Rs 3.91 lakh crore, while the net GST collection for the centre stood at Rs 5.48 lakh crore.
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The disputed amount for 1.83 lakh cases was Rs 3.6 lakh crore in September 2019, thus the amount involved in still-unresolved disputes is a staggering Rs 2.9 lakh crore.
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Stanford Masters is in conversation with M Saraswathy to understand the implication of the CBDT's move, and also the logistical obstacles that have to be surmounted for effective regulation.
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The action is the latest on an issue on which industry and the department have a different interpretation of rules.
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Under GST, financial services have been put under the 18 percent slab, whereas currently customers pay 15 percent service tax for them.
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Persons having annual turnover of more than Rs 10 lakh and those who are registered under VAT or Service Tax would be ineligible for loan waiver, the GR said.
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"If you are left out, you will get another opportunity because the law says anybody who is registered under taxes which are subsumed under GST if they have a valid PAN then they will be given a valid registration," said GSTN Chairman Navin Kumar said.
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The Goods and Services Tax (GST) is, beyond doubt, the most revolutionary tax-related reform to be seen in India in several decades. It will eliminate the conflicting and cascading taxation structures, which have confounded R
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The intelligence arm of the finance ministry detected service tax and excise duty evasion worth Rs 15,047 crore in the last fiscal, as against Rs 12,112 crore in 2015-16.
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A two-tiered service tax structure of 12 and 18 pc could be taken up in the next meeting of the GST Council on May 18 in Srinagar
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Approximately 65,000 firms, out of around one lakh, in Mumbai zone have already migrated to the GST so far, a senior Service Tax department official said.
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As banks gear up to face the challenges around the new taxation regime, Arundhati Bhattacharya, Chairman of the country's largest bank, listed out the issues the industry will face before the rollout.
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The Lok Sabha, on March 29, 2017, cleared four bills in preparation of the upcoming rollout of the Goods and Services Tax (GST) regime: Integrated GST Central GST Union territory GST Compensation bill This R
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The commerce ministry may have to make certain changes in the export related schemes due to the implementation of the Goods and Services Tax (GST), a senior official today said.
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The Goods and Services Tax (GST) regime has came a step closer to meet its July 1, 2017 target of rollout, with the Lok Sabha approving four supplementary legislations. The Central GST Bill, 2017; The R
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GST promises to stitch together a common national market by replacing a string of central and local levies such as excise, value added tax, octroy, service tax into a single unified levy.
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Service tax arrears more than tripled to Rs 71,257 crore in 2014-15 within a couple of years, apex auditor CAG said today, expressing concern that the recovery is not being given due importance.
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The largest public sector lender State Bank of India (SBI) is re-instating its policy of charging customers for not maintaining the monthly average balance (MAB) in their savings bank account, according to a report in Business Standard.
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The finance minister's Budget speech is a highly watched event. The annual Budget can augment or cut people's incomes.
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For India's cash-reliant economy, Prime Minister Narendra Modi's decision in November to outlaw old 500 and 1,000 rupee banknotes came as a big shock.
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As a consultant you are required to pay a flat 10 per cent tax on income while an employee is taxed as per applicable slab, the highest being 30 per cent along with surcharge.
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"The central government has clarified that there is no proposal in the Union Budget 2017-18 to levy 5 percent service tax on healthcare services, as reported in certain social media circles," a Finance Ministry statement said.
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Siddharth Chopra, a resident of Mumbai, was glued to the television news channels, during the live telecast of the Union Budget 2017-18. Like many, he was expecting a bonanza for middle-class affordable home buyers. R
