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I want to know about the excise and service tax, what is
service Tax and Excise duty, when we use them in
proffessional life?
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Answer Posted / v.rajput
Excise is a tax levied by Central Govt on Manufacturing or
trading of goods, while service tax is to be levied on
providing specified services , the rates of exicse duty and
service tax in diffrent slab rate.
Both are indirect taxes which are indirectly passed on to
the end user as per norms of Excise and service tax rule
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