Question

What is service tax in India with example?

Answer 1

Answer:

Ok here is your answer brother!

Explanation:

Service tax was an indirect tax levied by the government on services offered by service providers.

Example:- restaurant bill has a component of service tax

Answer 2

Answer:

Definition: Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. ... This tax is payable only when the value of services provided in a financial year is more than Rs 10 lakh. This tax is not applicable in the state of Jammu & Kashmir.