Accounting Interview Question:

What is Service Tax & Excise? How will it be charged?

Submitted by: Administrator

Service Tax is a form of indirect tax imposed on specified services called Taxable services. Presently it covers 58 services. The service provider but A collected shall pay a service tax from the service receiver. Excise is also a form of indirect tax levied on A goods produced or manufactured in India.
Submitted by: Administrator