what is the meaning of service tax?

Answer Posted / shahabaj

Definition of 'Service Tax' Definition: Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994.

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

HOW TO MAINTAIN BANK A/C

1636


Short Answer on _________Business

1610


Please do tell me about the questions which are asked at BACS FINAL ROUND.

1702


what do u mean by comparative budget?

1551


what is Contra Asset?

11482






What is dematerialisation and its benefits?

2554


how Mis reports are used?n why it is used ? explain

1540


differences between liabilities and assessts

3441


In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected

1684


i have need full detail of tds rules and forms submitted dovetails

1582


hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...

2082


why gross profit transfering to profit & loss account

3613


Is advance paid wages has credit balance?

1101


what are the different kinds of cash books

1621


I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T

2072