Retreading of Tyres liable to service tax

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Retreading of tyres is covered under the ambit of the service ‘Management Maintenance & Repair Service’ and is liable to payment of service tax. You are accordingly requested to advise the Members of your Association to pay Service Tax. The issue dealt by the Service Tax authority was the representation that t ‘retreading of tyre’ [...]

Tyre prices to rise 7% from May-June

Due to the steep rise in natural rubber (NR) prices, tyre companies have decided to raise prices by 7 per cent across all categories. The rise may be effective from May-June.
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