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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 (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4363)
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
 
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EXPAND______________RTA   1
Expand-------AOT   1
rtgs   3
whatis ratio analysis and methods of its calculation.   2
what is meant by bridge finance Capital-IQ 2
What exactly balance sheet depicts Telco 1
what is the journal entry for credit sale and credit purchase? HP 17
What is Operating cost? Please explain by an example?   1
What are patents Genpact 5
I want to develope with my basic nowledge of accounts.what books i have to read.can you tell me the suggesion.   2
What is BRidge Loan? Capital-IQ 4
what is surcharge? Perot-Systems 8
 
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