What is service tax(input Credit)?



What is service tax(input Credit)?..

Answer / amarendra

Service tax is a tax on service.Service is value addition to a product which is Intangible.If the Service Provider receives the services (Input)and paid the service tax,he can get the credit and can adjust against the services provided(output) by him

Is This Answer Correct ?    7 Yes 0 No

Post New Answer

More Accounting AllOther Interview Questions

expand E P F

1 Answers  


Can u please give me example of bonds? is National savings certificate a Bond?

0 Answers  


What is a TDS ?

3 Answers  


how a fund flow statement benefit the individual, corporate?

0 Answers  


CONTIGENT LIABILITYES

11 Answers   Accenture, Genpact, Siemens,






what is cap & floor of call rates?

1 Answers  


what is Contra Entry?

9 Answers   Capital IQ,


proposed devidend is approved by .... options are: A.BOD B.share holder C.SEBI D.general body meeting

1 Answers  


Who will be called as consignee

0 Answers  


what is the difference between chartered accounant and cost accountant and which is the best course among two.

1 Answers  


pls send me capital iq quition paper pls, ihave 2mr interview thanks

0 Answers   Capital IQ,


ipo

3 Answers   Capital IQ,


Categories