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What is Excise & Service Tax ?
What's Diffarance Excise & Service Tax ?
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Answer Posted / mayur. r. dodiya
Excise:- is one of the tax received by goverment.this duty
is a tax levied on the producer of certain goods,
commodities and activities. this tax is now known as the
Central Value Added Tax (CENVAT).
Service tax:- is a tax levied on service providers in
India, except the State of Jammu and Kashmir.
The responsibility of collecting the tax lies with the
Central Board of Excise and Customs(CBEC). Central Board of
Excise and Customs (CBEC) is a part of the Department of
Revenue under the Ministry of Finance, Government of India
as per this defination you can think about different
between both of this.
| Is This Answer Correct ? | 14 Yes | 2 No |
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