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WHAT IS SERVICE TAX
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Answer / shailesh s. deshpande
Service tax is an indirect tax on services rendered with in
India and abroad. It is an inclusive defination. The
current rate is 10% + 2% education cess on service tax. It
is not applicable in the state of Jammu & Kashmir.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / syed iliyas
The service tax is an one of the indirect tax which was
paid by public to the govt through the services recieved by
them on specified services. Bills paid for transportation
or air travels, bill paid to service engineer, telephone
services etc are come under authorities to collect service
tax from the payer.
| Is This Answer Correct ? | 5 Yes | 0 No |
Hi Everybody, 1). Can anybody tell me the Journal entry for Bank charges Rs.100 and under which account it will come. 2). Received interest from Bank what is the journal entry, under which account it will come, Awaiting for soonest reply, Thanks, Khan
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