Posts Tagged ‘service tax’

No Service Tax at Non AC Restaurants, 5.6% at AC Place

No Service Tax at Non AC Restaurants, 5.6% at AC Place

We often visit the restaurant for taking food outside, however when the waiter comes up with a bill we get confused about applicable taxes. We end up paying this bill as we don’t know how much service tax is applicable on food bill. Recently government has revised the service tax and with effect from 1st June, 2015 service tax rate has been increased to 14%. Thus with recent changes taking food outside in AC restaurant has also become costly. If […]


Service tax rise from 12.36% to 14% how it will affect your household budget

Service tax rise from 12.36% to 14% how it will affect your household budget

Budget 2015-16 was real disappointment to common man. Finance minster has given very small income tax relief in budget and took away amount more than this relief by increasing service tax by 1.64%.Budget 2015 is big dissatisfaction mainly due to rise in service tax and excise duty. Government was saying that they will bring good days for common man, but I say it is beginning of Bad days for common man. Household expense is about to increase due to rise […]


Do you know how state government contributes to Inflation via VAT ?

Do you know how state government contributes to Inflation via VAT ?

You must be aware that government imposes 20 types of taxes on us.  Most popular among these taxes are income tax & service tax. Government collect these taxes to build nation (infrastructure & other development), to increase arms and ammunition for defense of country and for other welfare related work. In today’s situation although tax is becoming single largest expense for individual, individual  pay taxes to government thinking government will use this money for country’s betterment. But unknowingly/knowingly we pay […]


Service tax rise from 10.3% to 12.36% how it will affect your household budget

Service tax rise from 10.3% to 12.36% how it will affect your household budget

In budget 2012 Finance minister has given income tax relief by increasing income tax slab & on other hand grabbed away amount more than this relief by increasing service tax by 2%. Budget 2012 delivered a big dissatisfaction to many due to rise in the service tax and excise duty from 10% to 12%. If you are thinking that you will be able to draw more salary & save more due to income tax relief you are wrong. Defiantly you […]


25 Types of Taxes in India

25 Types of Taxes in India

Ever since I started working full time & earning at age of 23 years, I have started complaining to my father see how much I paid in taxes, my father always use to say “if you have started paying taxes its good thing that you earned an income.” How many of you actually love to pay tax & how many of you know that government ask us to pay tax via 25 different manners?  In this article I will provide you […]