Service Tax- Rate and Computation, 10 Question Quiz!
Service tax for a general man is a tax on the service at the rate prescribed by legislation. Act has specified a uniform rate of interest for the taxable services. However there may not be a situation where whole part of activity is a service part. There may be some material part also. To avoid double taxation, department has clarified portion of an activity as service part and accordingly the rate of service tax is adjusted. Due to this, there is less burden on the taxpayers.
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