What is meant by service tax and why it is impossed?
Thanks,
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 05 April 2012
Services provided or to be provided by a person to another person will be charged to a separate levy by the name of service tax.
Certain services have been made chargeable to Service Tax.
valji
(Accounts manager-MBA)
(2150 Points)
Replied 05 April 2012
AGREE WITH ABOVE
PERSON WHO PROVIDE LIABLE TO CHARGE SERVICE TAX IF GROSS RECEIPT EXCEED RS 10 LAKHS
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 05 April 2012
Yes, Gross receipts > Rs. 10,00,000/- received from services provided are chargeable to Service Tax.
Check out Section 65(105) of the Finance Act to get a complete list of services.
Regards
Prateek
Cpprasad
(CA Student)
(125 Points)
Replied 06 April 2012
| Originally posted by : Prateek Agarwal | ||
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Yes, Gross receipts > Rs. 10,00,000/- received from services provided are chargeable to Service Tax. Check out Section 65(105) of the Finance Act to get a complete list of services. Regards Prateek |
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Thanks Sir.
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