What is Excise & Service Tax ?
What's Diffarance Excise & Service Tax ?
Answers were Sorted based on User's Feedback
Answer / sanjay chadha
Service tax : Tax on the services provided. i.e. on
intengible things.
Excise : Tax on goods produced i.e. Tangible things
Is This Answer Correct ? | 62 Yes | 6 No |
Answer / uday
Excise : excise apply for mnunufature compy example
textile ,excise tax on good produced
service tax tax on the service provied the rate of service
tax 12.36 %
Is This Answer Correct ? | 39 Yes | 14 No |
Excise is tax for goods manufacturing and service tax if
tax on service provided both are under Control CENTRAL
EXCISE & CUSTOMS DEPT.
Is This Answer Correct ? | 16 Yes | 3 No |
Answer / shiwani vaishnav
Central Government has lieved Excise Duty @14.42% w.e.f 1st
march 2008, earlier it was 16.48%, government has lieved
Excise duty only to those who are in the manufacturing unit
e.g (manufacturing , mining, textiles, any goods which are
to be produced). Service tax is also lieved by Central
Government it is charged @12.36% earlier it was 8% then 10%
and now it is 12% (extra ed cess+ S.H.Ed cess) on providing
service to the customer who is availing the benefit of any
kind of service and payable by the service provider on
every 5th of the month.
Is This Answer Correct ? | 17 Yes | 5 No |
Answer / mayur. r. dodiya
Excise:- is one of the tax received by goverment.this duty
is a tax levied on the producer of certain goods,
commodities and activities. this tax is now known as the
Central Value Added Tax (CENVAT).
Service tax:- is a tax levied on service providers in
India, except the State of Jammu and Kashmir.
The responsibility of collecting the tax lies with the
Central Board of Excise and Customs(CBEC). Central Board of
Excise and Customs (CBEC) is a part of the Department of
Revenue under the Ministry of Finance, Government of India
as per this defination you can think about different
between both of this.
Is This Answer Correct ? | 14 Yes | 2 No |
Answer / uday
Excise is applicable on manufacturing & trading goods.
Service tax is any services relation i.e. transporter,
labour work, testing etc.
Is This Answer Correct ? | 10 Yes | 2 No |
Answer / nataraj
service tax:tax on only for service charges
exicse duty: only for manufactured goods
by
nataraj ms
9964543048
Is This Answer Correct ? | 7 Yes | 3 No |
Answer / arvind kumar
Excise is the tax which is the resposibility of the
manufacturar to deduct from the customer & submit the tax
to the Govt.Erate is 8 % These days. Service tax is the tax
which is deducted by the service providor from the service
taker & submit it to the Govt.For Example-Advocate,
Doctor,Telephone service providor, crane service provider.
But in the both cases the radistration of both should be
must.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / robin goyal
Service Tax .: Service Tax only For Service Charges. As.
TransPotr, Doctor , C.A E.T.C But Apply the more Condition.
Excise Duty .: Excise Duty Only for Manufacturing Goods.
But Provided that Company Trun Over Above 1.5 Crore. Than
Govt. Calculated Excis Duty
Is This Answer Correct ? | 0 Yes | 2 No |
What is Stock Reconciliation Statement , why we make the Stock Reconciliation Statement.
in any sales promotion material can we issue any C form to party
T-FV-1029 Invalid Challan Input file.
3 Answers ABi Associates, Rasim Exports,
If fail to deposit tds within or on 7th of next month then what will be the Interest charge?
how to credit available on service tax explaine procedure?
can anybody tell me what is the last date of Service tax payment (Quarterly/Monthly) in Company or other then company (individual/propritorship/partnership) & what is the last date of half year return.
What is tds and what are its rate in different segment
what is the difference between vat return and return for remittance on value added tax.
Advance given to wife for buying a property ; tax treatment?
Certificates for other than salary TDS form.
Hi, Please guide me in the TDS calculation. I know the slabs.But I dont have much idea about the deduction part.What is the need of Bsic and HRA while calculating TDS.Also I heard that LIC, Rent etc is excempted from TDS.Please guide me...my email id is tinjusyriac@gmail.com Thanks in advance..
under form 38,(1 no) what is the maximum no. of invoices can be done??? under rule-54(3)(a) of UPVAT RULES 2008