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Saturday, September 3, 2011

Basic Aspect of Service Tax

8:46 PM    No comments

Service tax and GST are taxes of 21st century. Service tax was imposed for first time on 3 services w.e.f. 1-7-1994 and its scope is increasing every year. Highlights of service tax are as follows – Liability of service tax General background Service tax comes under powers of Entry 97 of List I of Seventh Schedule to Constitution of India. Service tax was introduced...

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