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Answer Posted / afridi
Service Tax is a form of indirect tax imposed on specified
services called "taxable services". Service tax cannot be
levied on any service which is not included in the list of
taxable services. Over the past few years, service tax been
expanded to cover new services. The objective behind
levying service tax is to reduce the degree of intensity of
taxation on manufacturing and trade without forcing the
government to compromise on the revenue needs. The
intention of the government is to gradually increase the
list of taxable services until most services fall within
the scope of service tax. For the purpose of levying
service tax, the value of any taxable service should be the
gross amount charged by the service provider for the
service rendered by him.
Some of the major services that come under the ambit of
Service Tax are:
Telephone
Stockbroker
General Insurance
Advertising agencies
Courier agencies
Consulting engineers
Custom house agents
Steamer agents
Clearing & forwarding agents
Air travel agents
Tour operators
Rent-a-Cab Operators
Manpower recruitment Agency
Mandap Keepers
Architects
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