Credit Card Service Tax
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Here's What Experts Say About Changes Made In LRS For Credit Cards
Tax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) will be exempted within the annual limits of USD 250,000, the government clarified on Thursday.
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Paytm Payments Bank Wins Final RBI Nod, Can Operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank said on Monday that the company had received final approval from the Reserve Bank of India to offer bill payment services in the country. The service can now function as a Bharat Bill Payment Operating Unit (BBPOU) in India, with support for bill payment services of electricity, phone, DTH, water, gas insurance, loan repayments,...
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"Will Be Back Working For You After May 23": PM Modi Promise To Traders
Prime Minister Narendra Modi today promised to establish a traders welfare board upon "coming back to power on May 23", the date when votes for the Lok Sabha elections will be counted. He said this at a traders' convention in the national capital, where he announced a series of welfare measures for small shopkeepers such as Rs 50-lakh loan without ...
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IRCTC Online Transactions: Here's How Much You Pay On Net Banking, Wallets, Card Payments
IRCTC Online Transactions: IRCTC offers several payment options such as net banking, debit/credit cards and mobile wallets, which can be used as per user's convenience.
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From Eating Out To Credit Card Bill Payment, How GST May Impact You
Services, depending on their nature, have been placed under four tax rates of 5 per cent, 12 per cent, 18 per cent and 28 per cent.
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Credit Card Bills, Insurance Premiums To Get Costlier Under GST
Starting from July 1, GST will replace all indirect taxes like service tax and VAT.
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Bank Loan Or Credit Card Loan: Which One To Go For?
Even if costs like interest rate, pre-closure charges and loan processing fees remain the same for credit card loan and bank personal loan, interest cost of credit card loan become 15 per cent more because of service tax.
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No Service Tax on Credit, Debit Card Transactions Up to Rs. 2,000
The service tax waiver on transactions less than Rs. 2,000 made using credit, debit and other cards is likely to promote cashless payments.
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Government To Waive Service Tax On Card Transactions Up To Rs 2,000
A notification to this effect will be tabled by Finance Minister Arun Jaitley in Parliament.
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Tax Break On Payments Upto Rs 2,000 If You Use Card, Not Cash
Starting today, you will not be charged any service tax when you use your credit or debit card for up to Rs 2,000. Currently, you pay 15% as the tax on these transactions.
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GST Can Be Paid By Debit, Credit Cards: Revenue Secretary
At its second meeting last month after its constitution, the GST Council approved five sets of draft rules relating to registration, payments, returns and refunds under the Goods and Services Tax.
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No Surcharge, Service Charge on Card, Digital Payments: Cabinet
"The promotion of payments through cards and digital means will be instrumental in reducing tax avoidance, migration of government payments and collections to cashless mode."
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Government Unveils Plan to Boost Cashless Economy, Tackle Tax Fraud
If successful in increasing card payments, the new measures will be a boost for global and debit card companies MasterCard, Visa and American Express, as well as domestic rival RuPay and mobile payment banks.
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Debit, Credit Card Payments May Bring Income Tax Relief: 10 Facts
The move is aimed at encouraging non-cash transactions and curbing the flow of black money.
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Mobile, Hotel, Other Services to be Costlier From June 1
Finance Minister Arun Jaitley in his Budget had proposed to raise service tax from 12.36 per cent (including education cess) to 14 per cent. The proposal takes effect from June 1. The tax is levied on all services except a small negative list.
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Here's What Experts Say About Changes Made In LRS For Credit Cards
Tax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) will be exempted within the annual limits of USD 250,000, the government clarified on Thursday.
-
Paytm Payments Bank Wins Final RBI Nod, Can Operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank said on Monday that the company had received final approval from the Reserve Bank of India to offer bill payment services in the country. The service can now function as a Bharat Bill Payment Operating Unit (BBPOU) in India, with support for bill payment services of electricity, phone, DTH, water, gas insurance, loan repayments,...
-
"Will Be Back Working For You After May 23": PM Modi Promise To Traders
Prime Minister Narendra Modi today promised to establish a traders welfare board upon "coming back to power on May 23", the date when votes for the Lok Sabha elections will be counted. He said this at a traders' convention in the national capital, where he announced a series of welfare measures for small shopkeepers such as Rs 50-lakh loan without ...
-
IRCTC Online Transactions: Here's How Much You Pay On Net Banking, Wallets, Card Payments
IRCTC Online Transactions: IRCTC offers several payment options such as net banking, debit/credit cards and mobile wallets, which can be used as per user's convenience.
-
From Eating Out To Credit Card Bill Payment, How GST May Impact You
Services, depending on their nature, have been placed under four tax rates of 5 per cent, 12 per cent, 18 per cent and 28 per cent.
-
Credit Card Bills, Insurance Premiums To Get Costlier Under GST
Starting from July 1, GST will replace all indirect taxes like service tax and VAT.
-
Bank Loan Or Credit Card Loan: Which One To Go For?
Even if costs like interest rate, pre-closure charges and loan processing fees remain the same for credit card loan and bank personal loan, interest cost of credit card loan become 15 per cent more because of service tax.
-
No Service Tax on Credit, Debit Card Transactions Up to Rs. 2,000
The service tax waiver on transactions less than Rs. 2,000 made using credit, debit and other cards is likely to promote cashless payments.
-
Government To Waive Service Tax On Card Transactions Up To Rs 2,000
A notification to this effect will be tabled by Finance Minister Arun Jaitley in Parliament.
-
Tax Break On Payments Upto Rs 2,000 If You Use Card, Not Cash
Starting today, you will not be charged any service tax when you use your credit or debit card for up to Rs 2,000. Currently, you pay 15% as the tax on these transactions.
-
GST Can Be Paid By Debit, Credit Cards: Revenue Secretary
At its second meeting last month after its constitution, the GST Council approved five sets of draft rules relating to registration, payments, returns and refunds under the Goods and Services Tax.
-
No Surcharge, Service Charge on Card, Digital Payments: Cabinet
"The promotion of payments through cards and digital means will be instrumental in reducing tax avoidance, migration of government payments and collections to cashless mode."
-
Government Unveils Plan to Boost Cashless Economy, Tackle Tax Fraud
If successful in increasing card payments, the new measures will be a boost for global and debit card companies MasterCard, Visa and American Express, as well as domestic rival RuPay and mobile payment banks.
-
Debit, Credit Card Payments May Bring Income Tax Relief: 10 Facts
The move is aimed at encouraging non-cash transactions and curbing the flow of black money.
-
Mobile, Hotel, Other Services to be Costlier From June 1
Finance Minister Arun Jaitley in his Budget had proposed to raise service tax from 12.36 per cent (including education cess) to 14 per cent. The proposal takes effect from June 1. The tax is levied on all services except a small negative list.
