Hi
I wanted to understand the Basic Concept of Service tax please any one help me read such notes.
Thanks
Shashikant
Hi
I wanted to understand the Basic Concept of Service tax please any one help me read such notes.
Thanks
Shashikant
| Originally posted by : shashikant | ||
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Hi I wanted to understand the Basic Concept of Service tax please any one help me read such notes. Thanks Shashikant |
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Service Tax is a tax imposed by Government of India on services provided in India. The service provider collects the tax and pays to the government. It is charged on all services except the services in the negative list of services. The current rate is 12.36% on gross value of the service.
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