What is meant by service tax and why it is impossed?
Thanks,
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Service tax
Replies (5)
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.
AGREE WITH ABOVE
PERSON WHO PROVIDE LIABLE TO CHARGE SERVICE TAX IF GROSS RECEIPT EXCEED RS 10 LAKHS
| Originally posted by : valji | ||
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AGREE WITH ABOVE PERSON WHO PROVIDE LIABLE TO CHARGE SERVICE TAX IF GROSS RECEIPT EXCEED RS 10 LAKHS |
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Gross Receipt Means Gross Income?
What Services Come under Service Tax?
Thanks.
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
| 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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