(Tax Consultant)

MISHRANI & CO.

BHAVIK MISHRANI & ASSOCIATES ,

Above SBI , Jayshree Road,

Junagadh-362001

Address:

Service Tax :

Service Tax

Service tax is a part of Central Excise in India. It is a tax levied on services provided in India, except the State of Jammu and Kashmir. The responsibility of collecting the tax lies with the Central Board of Excise and Customs(CBEC).

1. Wealth Tax Act, which has a regular history of being passed and repealed;

2. Service Tax, imposed under Finance Act, 1994, which taxes the provision of services provided by service providers within India or services imported by Indian from outside India;

3. Central Excise Act, 1944, which imposes a duty of excise on goods manufactured or produced in

India;

4. Customs Act, 1962, which imposes duties of customs, counter veiling duties and anti-dumping duties on goods imported in India;

5. Central Sales Tax, 1956, which imposes sales tax on goods sold in inter-state trade or

commerce in India;

6. Transaction Tax, which taxes transactions of sale of securities and other specified transactions;