What is the difference between gst and service tax??
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Service tax was levied on “provision of services” while GST will be levied on supply of services. ... Krishna: Arjuna, in Service tax the rate is 15%, while in GST the rate of tax on services might be 12% or 18%. The rate of tax on Services will be defined according to the Service Accounting Code.
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Explanation:
Service tax was levied on “provision of services” while GST will be levied on supply of services. ... Krishna: Arjuna, in Service tax the rate is 15%, while in GST the rate of tax on services might be 12% or 18%. The rate of tax on Services will be defined according to the Service Accounting code
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