All about Service Tax

CA CS CIMA Prakash Somani , Last updated: 23 April 2009 Share Follow on Google News

Q: What is Service tax? A: Service tax is an indirect tax levied under the Finance Act, 1994, as amended from time to time, on specified services. At present, there are approximately 96 categories (including 15 new services introduced by Budget 2006) of services taxable under the service tax net.

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CA CS CIMA Prakash Somani

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