0
Add your answer:
Earn +20 pts
Who collects the service tax in India?
In india service tax is collected by CBEC (central board of excise and customs)
State Bank of India Service Tax Registration No?
what is service tax no. of state bank of india hingna branch
How many service are taxable in service tax India?
116 service taxable in india
Will service tax be paid for the service rendered outside India by a foreign service provider but bill to an Indian company?
As long as Services are rendered outside India, Service tax is not applicable.
What is current service tax in India?
12%
Would the Export of Services be liable for payment of Service Tax?
No, the services provided to a person outside India shall not attract service tax levy as service tax extends only to services provided within India.
How many taxes are there in India?
service tax , income tax, sales tax, tds tax, excise tax & other taxes
India's Merging Service Tax?
The service tax, a long-time corner stone of India's governmental revenue system, has been phasing out of implementation in the 21st century. The Finance Minister of India has said that it is a short-term goal of the Indian government to eventually merge the service tax into the country's general goods and service tax. The service tax aims to rake in government revenues by taxing all services provided within the country. It is India's Central Board of Excise and Customs that is in charge of administering the tax and overseeing it's implementation. If the surcharge is eventually merged fully with other goods and services taxes, the administering authority could change.
Are the Value Added Tax and Service Tax in India both applicable in one composite bill related to advertisement?
Hi, I dnt know abt advertisement, but for food in restaurants we pay VAT and service tax because its counted in service industry So we are paying both VAT and service tax as per my knowledge.
Is interest on delayed payment of service tax disallowed under India income tax act1961?
If the interst arise due to delay in remittance of Service tax, which is not penal in character, then disllowance would not be applicable. It is compensatory in nature, hence no disallowances
What is the purpose of service tax forms?
Service Tax is an indirect tax imposed in India on a wide range of specified services (custom house agent, dry cleaning, telephone, tour operators, etc.). As an indirect tax, the service provider pays the tax and recovers the amount from the recipient of the taxable service. The main Service Tax form is Form G.A.R. 7. All Service Tax forms are required to be filed even if no taxable service has been provided during the time period. The purpose of the forms is to meet the reporting requirements of the 1994 Finance Act and to certify that required payments are made timely.For more information, go to the Service Tax site, www.servicetax.gov.in.
What is the service tax slab?
Service tax is a tax levied on services rendered by a person and the responsibility of payment of the tax is cast on the service provider. It is an indirect tax as it can be recovered from the service receiver by the service provider in course of his business transactions. Service Tax was introduced in India in 1994 by. It was imposed on a initial set of three services in 1994 and the scope of the service tax has been expanded continuously by subsequent Finance Acts. The Finance Act, extends the levy of service tax to the whole of India, except the State of Jammu & Kashmir. The Department of Revenue in the Ministry of Finance, deals with the task of formulation of policy concerning levy and collection of Service Tax. In exercise of the powers conferred, the Central Government makes for the purpose of the assessment and collection of service tax. The Service Tax is being administered by various Central Excise Commissionerates, working under the Central Board of Excise & Customs. There are six Commissionerates located at metropolitan cities of Delhi, Mumbai, Kolkata, Chennai, Ahmedabad and Bangalore which deal exclusively with work related to Service Tax. Directorate of Service Tax at Mumbai over sees the activities at the field level for technical and policy level coordination. Registration is a requirement. A person liable to pay service tax should file an application for registration within thirty days from the date on which the service tax on particular taxable service comes into effect or within thirty days from the commencement of his activity
