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Service tax

shashikant (Employed ) (168 Points)

25 May 2013

I wanted to understand the Basic Concept of Service tax please any one help me read such notes.

Thanks

Shashikant

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (3316 Points)
Replied 25 May 2013

Originally posted by : shashikant
	Hi I wanted to understand the Basic Concept of Service tax please any one help me read such notes. Thanks Shashikant

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.