I want to know about the excise and service tax, what is
service Tax and Excise duty, when we use them in
proffessional life?

Answer Posted / rajesh deshmukh

Excise is a tax levied by Central Government on
manufacturing of goods, while service tax is to be levied
on providing specified services. Both are indirect taxes
which are indirectly passed on to the end user.

Is This Answer Correct ?    8 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How Frequently shall a company file the service tax returns and how frequently shall a company pay the service tax to the Government ?

1441


Can u please give me example of bonds? is National savings certificate a Bond?

2374


What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?

1792


What are the benefits ofparticipation in a depository?

1585


sort out the difference between service provider & service reciepient from the service tax.

1645






Short Answer on ___________Appreciation

1497


In order to comply with the matching principle, adjustment entries are made at the preparation of ----------

1650


I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim

1629


hi this is sharath,from hassan ,karnataka.,., i am caled for t interv on 28th may 2009, 12 noon, at foll location.,. STATE BANK OF MYSORE STAFF TRAINING CENTRE 104/105 7TH MAIN ROAD JAYALAKSHMIPURAM MYSORE-570012. anybody who is also attendin the same interview please reply me .,.,. i am in my final yr BE EnC,MCE hassan, i wold like to know more about the interview .,., please do reply.,.,. yours friendly, sharath kumar, sharath.syss@gmail.com

1687


total capital stock

1648


what is mean by traditional accounting ?

1998


How can you actualize cah flows of 5 years at 8%

1665


What is SOX

1697


What is Merchandising Accounting process

1609


What was use of tally erp 9? Types of vat?

1182