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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1904)
 Accounting General interview questions  Accounting General Interview Questions (2830)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
Question
When does services tax liability arise? Is the liability on 
the recipient or the payer?  What is the general rate of ST 
applicable?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Whenever we receive any services (like telphone bill,
light bill etc ,water bill . we are liable to pay service
tax.Service tax is paid by the person who receive the
services . The current rate of service tax is 12.36%.
 
Is This Answer Correct ?    10 Yes 5 No
Vandana Sharma
 
Answer
# 2
THE ABOVE ANSWER IS MORE OR LESS CORRECT BUT SOMETIMES IT
GOESOPPOSITE AROUND WHEN U COLLECT THE ST AND DEPOSIT TO
GOVERNMENT . FOR MORE HELP ON SERVICE TAX MAIL ME @
kshankingfishersmailbox@rediffmail.com i wil be gld to help
u. thank u
and now the rate is 10.3%
the earlier answer is 100% corect in general terms.
 
Is This Answer Correct ?    2 Yes 3 No
Mr. Roshan Dahal
 
 
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
EXPAND______________ONGC   2
state wheather the following statements are true or false i, the issue of shares ata discount must be authorized by a special resolution of company. ii, operating or finance lease comes under provision of as- 13 iii, at the end of the accounting period the balance of "goods sent to branch account" is transfered to trading acount iv, for life business premium is to be recognized on receipt basis v, a banking cannot grant any loans on securities of its own shares   2
Hi dis is lalitha. I got selected for muthoot finance PO for the final interview. can u plz tell me what type questions they will ask? my mail id is plalitha87@gmail.com. can u plz pass the questions to my mail, my interview is on jan 04,2012. Thanks in advance. Muthoot-Group 2
how to see monthly entries in tally7.2   4
formula for return on equity FactSet 1
Journal entries if the following line items are given as adjustment in balance sheet and p l a/c Fire accident of inventory Case 1. No insurance coverage Case 2.partly insurance coverage Case 3. Fully insurance coverage Capital-IQ 3
What is purchase order, what is seen in purchase order?   2
How to Calculate Turnover? TATA 5
Answered but misspelled pl correct ARE THE BUSINESS PERFORMANCE OF TRADING ACTIVITIES (ANS.SSTTANRACION)   1
Break-even analysis   4
is one time transaction called a business activity? give reasons to support you answer please. Wipro 2
machinery is assets or liabilities   15
 
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