What Is Service Tax

Define Service Tax. What is the nature of Service tax?
Posted 1 year ago  | 
Taxation & Duty
Taxation & Duty

1 Answer(s)

Soumya
Advocate

It is a tax levied on the transaction of certain specified services by the Central Government under the Finance Act, 1994. It is an indirect tax, which means that normally the service provider pays the tax and recovers the amount from the recipient of taxable service.