0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the purpose of instant tax service?
Instant Tax Service is a franchise centering around helping people process their income tax forms through independent tax experts. It won't help you learn anything about financing.
Is Service Tax direct tax?
no service tax is not a direct tax. b'coz direct tax is directly imposed on person and it can't be transfered on the other person. Service tax is levied on service provided and it is levied and collected from clients. so service tax is an Indirect Tax.
What can we do to not pay service tax?
If you do not want to pay service tax, then you should not obtain services that have a service tax. Service tax is a tax on certain services. The amount of services is increasing.
What is the service tax slab rate?
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
What is the difference between TDS and service tax?
TDS is Tax Deduction at Source which is deducted from the service holder/ consultant during payment. At present, TDS is 10.1%. Service tax is a tax payable on the service provided by the service provider, at present it is at 12.36%
What is the purpose of tax service?
Instant Tax Service is a franchise centering around helping people process their income tax forms through independent tax experts. It won't help you learn anything about financing.
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 purpose of instant tax service?
Instant Tax Service is a franchise centering around helping people process their income tax forms through independent tax experts. It won't help you learn anything about financing.
What is the purpose of an online tax return?
An online tax return serves the same purpose as a paper tax return. Yearly income must be reported to the Internal Revenue Service by the use of a tax form. This form may be filed on paper via mail or it may be filed online.
What is the meaning of service tax?
the tax imposed on the service providers by the govt. is called service tax
Is Service Tax direct tax?
no service tax is not a direct tax. b'coz direct tax is directly imposed on person and it can't be transfered on the other person. Service tax is levied on service provided and it is levied and collected from clients. so service tax is an Indirect Tax.
What can we do to not pay service tax?
If you do not want to pay service tax, then you should not obtain services that have a service tax. Service tax is a tax on certain services. The amount of services is increasing.
What is the present service tax rate?
till 31.3.2012 service tax rate : 10.30% from 1.4.2012 service tax rate : 12.36%
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
What is the service tax slab rate?
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
What is the purpose of the IRS form 706?
The purpose of the Internal Revenue Service (IRS) form 706, is to report the income of an individual, the so-called tax return. The form can be downloaded from the IRS website.
What is the difference between TDS and service tax?
TDS is Tax Deduction at Source which is deducted from the service holder/ consultant during payment. At present, TDS is 10.1%. Service tax is a tax payable on the service provided by the service provider, at present it is at 12.36%
