Know about service tax

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Querist : Anonymous

Querist : Anonymous (Querist)

08 August 2011 Daer Sir,

i am b.com student.
i want know what is service tax, how we doing accounting of service tax, what is rate,
when we file return and on which types of service we can take input claim.

is there any website who give me basic details and accounting system of indirect tax?

Sir ple. reply to me

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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09 August 2011 Service Tax is administered by the Central Excise Commissionerates working under the Central Board of Excise & Customs (CBEC), Department of Revenue, Ministry of Finance, Government of India. It deals with the tasks of formulation of policy, concerning levy and collection of Customs and Central Excise duties, prevention of smuggling, and administration of matters relating to Customs. The unique feature of Service Tax is reliance on collection of tax, primarily through voluntary compliance.

Article 265 of the Constitution lays down that no tax shall be levied or collected except by the authority of law. Schedule VII divides this subject into three categories-

Union list (only Central Government has power of legislation)

State list (only State Government has power of legislation)

Concurrent list (both Central and State Government can pass legislation).

more information link is:-

https://www.caclubindia.com/forum/some-information-regarding-service-tax-110735.asp

https://www.ieport.com/service_tax_matters.htm

https://www.karmayog.org/taxes/taxes_5568.htm

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