« Top Headlines » Open DEMAT Account in 24 hrs  New Income Tax Act: ITR forms to be issued prior to FY28, says govt  GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)  Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups «  No tax deduction on disability pension to Armed Forces: Govt... Octroi, entertainment & entry tax may survive GST... » No service tax on health, education December, 22nd 2007 Conceding to populist sentiments, state governments have ruled out levying service tax on education and health facilities, especially those for the common man. Areas relating to health and education may not be included in the service tax. That is the view we have taken, Asim Dasgupta chairman of the empowered committee of state finance ministers, which met on Thursday, said after the meeting. He also hinted that even private health and educational institutions might be exempted as certain private entities also provide these services to the common man. Along with health and education, states had been given 44 new services for taxing, as part of the bail out package for the phasing out of central sales tax (CST). States have so far been unable to reach a consensus on which services to tax as certain services like education could evoke a public outcry and most others are local in nature, such as sports, entertainment and legal services. CST is reduced from 4% to 3% this fiscal and would be eliminated by April one, 2010, when the goods and service tax regime is finally introduced.