Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: list of goods taxed at 4% :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: form 3cd :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: empanelment :: articles on VAT and GST in India :: VAT Audit
News Headlines »
 How to file income tax returns online without having Form 16 in 10 simple steps
 Deadline For Filing Income Tax Return (ITR) Is Just 11 Days Away: 10 Latest Details To Know
  10 incomes you need not pay any tax on
 How To File Income Tax Returns In Three Steps By March 31, 2018
 10 things about income tax every taxpayer should know
 What to do if your TDS is not deposited with the government
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol

Service tax brush may apply on works of art
January, 17th 2007

The suitable boy may not like this story. The government is looking at bringing services rendered by authors, composers, sculptors and other artists under the tax ambit.

A proposal to bring services provided by these entities under the tax net in Budget 2007-08 is currently being examined. If the proposal comes through authors, composers, sculptors and other artists like painters may have to face a service tax of 12.24%.

Some Indian authors and their books have done very well in the past few years with some of them receiving huge advances for their creations. Also, there has been a growing interest in paintings of Indian painters with most of the galleries doing brisk business.

The government has to expand the service tax net in lieu of transfer of 44 new services to states as a compensation for the phase out of Central Sales Tax from next fiscal. However, the move may not go down well with the creative community. Leading author William Dalrymple, whose book The Last Mughal has created waves, said the move was in the wrong direction.

This move is in the wrong direction. Authors have a pretty small income and barely manage a living. The government should support artists. In fact, it should create a special economic zone for them. Indian authors promote the image of the country. India should follow the Ireland model which has given a carte blanche to artists with regard to taxes, Mr Dalrymple said.

Echoing similar sentiments, renowned painter Sanjay Bhattacharya said, Its not a service at all. Its our creation. Galleries do business. They should pay tax, if at all.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions