Write an example for service tax , direct tax
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SERVICE TAX : like if we go to hotel we order something , the waiter comes then the server comes their service is calculated under service tax
DIRECT TAX : like we have a building [own] and we have to pay the government the direct tax because we constructed our building there
DIRECT TAX : like we have a building [own] and we have to pay the government the direct tax because we constructed our building there
astara:
Too late...anyways thanks
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Answer:
Service Tax :-
→ Service tax is a tax levied by the government on the service products but it is borne by consumers .
- Ex :- Suppose the value of taxable service is ₹ 100 then the tax is 10% .
Direct Tax :-
→ Direct tax is a tax in which the tax burden will be on the same person on whom the tax is levied .
- Ex :- Income tax .
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