Interested to Buy Any Domain ? << Click Here >> for more details...
what is service tax
- 4 Answers
- 6779 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sushma mulik
Service tax is an indirect tax levied under the Finance
Act, 1994, as amended from time to time, on specified
services. At present, there are approximately 96 categories
(including 15 new services introduced by Budget 2006) of
services taxable under the service tax net.
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / mayur babaria
service tax is an indirect tax charged on certain services
provided by certain category of persons.
whenever an organization provided any taxable services,it
has to charges service tax on the value of such service
providers.
for example:
certain type of educational institute providing training
service to you.so it will charge service tax on the total
amount of the course fee paid to institue.suppose the
current rate of service tax is 10%+2% for education cess+1%
higher edu cess .
Total course fee is RS.35000
the amount of ser.tax 3605(Rs.35000*10.3%)
the total amount payable is RS.35000+Rs.3605=38605
The institute will be collect Rs.38605 from you and
deposit Rs.3605 to the government
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / prajakta joshi
Service tax is an Indirect tax levied by the government& came into existence under finance act, 1994. service provider is a liable to pay for service tax. service tax chargeable on all taxable services like courier services, beauty treatment,chartered accountant,Architecture & as on.Service Tax current rate is 14.5% including service tax 14% & impose a swachh bharat cess of 0.5% on all taxable services liable for service tax,effective from 15 November,2015.
| Is This Answer Correct ? | 0 Yes | 0 No |
Any body tell me about VAT (Karnataka)shortly because, iam reading vat book but iam not able to understand that. if any body tell me shortly about karnataka vat, retursn, tax collectng, tax payment, CENVAT utilizing etc. pleseeeeee
What is the difference between SALES TAX and VAT?,When we'll pay VAT?,and when we'll pay VAT?
How anyone calculate HRA exemption from taxable salary for Exam. HRA is 12000 and rent paid is 11500 and total salary is 50000 thousand???????? plz. clear with example!!
What is DSCR and how to calculate the same.
what is Bank Stock Statement and which companies required bank stock statement, how can we make the bank stock statement
Penalty if TDS Returns not submitted on time?
what is the diffrence between tds and vat?
16 Answers Accenture, GMR, Tata Lockheed Martin Aerostructures,
WHAT IS THE PROVISION OF INCOME TAX, SELF ASSESSMENT TAX AFTER AUDITING GIVE THE EXAMPLE WITH ENTERY
What is MAT?
The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )
Please some one tell me what is the VAT or WCT rate for works contract at Tripura
what r the deductions from salary ?
Audit 
