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Categories  >>  Accounting  >>  Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Taxation interview questions  Taxation Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
what is service tax 
 Question Submitted By :: Deep_jain2007
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is service tax
Answer
# 1
When any employer provide any service to his customer which 
income is excess under the tax then company liable for the 
pay tax.

Service tax charged at rate 12% + 3% E.Cess & H.& E.Cess 
=12.36%

And service tax deposited of in under 5 days who you 
charged service tax to his customers.

In the payment of Service tax amount you can Credit availed 
duiring of the month.

Service tax filling return as half yearly basis on 15th 
octuber & 15th April.

And if any company paurchased of any item who has Excise 
duty & e.cess with h.e.cess then you can credit availed 
when you received excise form to your seller.
 
Is This Answer Correct ?    6 Yes 0 No
Deepak Awasthi
 
  Re: what is service tax
Answer
# 2
it is the tax which is payable on the service that we 
receive from the authorised dealers or service provider.
The rate of tax is12.36%    every three month end we have 
to pay the service tax and six months once we have to file 
the returns. while we filling the return we have to produce 
the documents related with the  input tax credit there on.

we can claim input tax on the service tax payable, for eg. 
if the dealer is a authorised person, then he can  claim 
the  tax amount of telephone bill( landline)(25%), courier 
bills(25%), security bills(100%)advertising bill(25%).
 
Is This Answer Correct ?    2 Yes 1 No
Kavitha
 
 
 

 
 
 
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