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Levy Of Service Tax On Renting Of Immovable P

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No GST on properties rented out for personal use

The government on Friday said GST will not be applicable on residential units if they are rented out to private persons for personal use. Illustration: Dominic Xavier/Rediff.com The government......

EMIs of under-construction houses, renting to attract GST from July 1

Electricity has also been kept out of the GST ambit. Come July 1 and leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will start attracting the......

Govt likely to harmonise excise, service tax laws

As a prelude to the Goods & Services Tax (GST), the finance ministry might harmonise service tax and excise duty laws in Budget 2013-14. Also, it is likely to simplify Cenvat credit rules that......

Barring funeral, almost every service will be taxed

A visit to an astrologer may cost you more from next month. The negative list for taxation of services will come into effect from July 1.Those services outside the list will be taxed, including......

What this Budget may do to the taxes

As a run up to Budget 2011, the previous article in this column had addressed the expectations with respect to the service tax rate and the resolution of the several complexities in service tax law......

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