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what is service tax

Answer Posted / kavitha

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%).

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