What is Service Tax

Home/What is Service Tax

What is Service Tax

Service Tax is an indirect tax levied on certain services provided by certain categories of persons including companies ,association of person, body of individuals etc., Today services cover wide range of activities such as hospitality, banking, insurance, management, communication, administration, entertainment, research and development forming part of retailing sector.

In the contemporary world, development of service sector has become synonyms with the advancement of the economy.

Rate of Service Tax

The Central board of excise and customs has been entrusted with the task of administration of service tax.  Service tax is charged @15 % plus education cess @2% and SHEC( Secondary and higher education cess) @ 1%. Education cess and SHEC depends on the nature of the tax imposed.

By |2016-11-16T10:58:21+05:30November 27th, 2012|0 Comments

About the Author:

Yogesh Khetani Patel - Blogger, Editor and SEO personality currently working for TechnosAmigos.com | BLUCellPhones.com | TecAdvices.com | AdvicesAcademy.com and also runs Nokia Android Phones. Recently he launched Apple iPhone Tips website.

Leave A Comment

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.