Service Tax is a form of tax which is levied on any service and is to
be paid by the “provider” of the service to the Central Govt. at the
rates in force. The provider of the service can in turn collect the tax
form the recipient of his service.
Starting July 1, 2012, India has shifted to the Negative List System which states that Service Tax would be levied on all services except the ones mentioned in the Negative List. Earlier, all services were exempt from Service Tax except those mentioned in the act.READ MORE
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Starting July 1, 2012, India has shifted to the Negative List System which states that Service Tax would be levied on all services except the ones mentioned in the Negative List. Earlier, all services were exempt from Service Tax except those mentioned in the act.READ MORE
COPY RIGHT BY LABNOL
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