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Q.

Who pay the service tax ?

Asked by Nagenkumarlenka, 29 Sep '08 07:42 pm
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Answers (4)

1.

The company pays the service tax on your behalf to the govt. at the end of the financial year( so all the collections made from all the customers ).
Answered by DINESH SINGH, 29 Sep '08 08:05 pm

 
  
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2.

Service Tax is an indirect levy imposed under Chapter V of the Finance Act, 1994 as amended. The tax is applicable to services specified in the chapter called "taxable services". At present the rate of Service Tax is eight percent to be levied on the "value of taxable service". Generally speaking "value of taxable service" means the gross amount received by the service provider for the taxable service rendered by him. The person who provides the taxable service on receipt of charges is responsible for paying the Service Tax to the Government. Where the service is provided by a person other than Indian resident or who does not have any establishment in India then the services receiver in India is liable to pay service tax. Service Tax is administered by the Central Excise Commissionerates working under the Central Board of Excise & Customs, Department of Revenue, Ministry of Finance, Government of India. SERVICES SUBJECT TO TAX The pro ...more
Answered by Jairam Kshirasagar, 29 Sep '08 08:01 pm

 
  
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3.

Anyone who provides any of the categorised services to the consumer of such service is liable to pay service tax and it is collected from the consumer. One example is phone service provided by phone companies like BSNL, Tata Telecom, etc., When the value of the service provided is less than Rs. ten lakhs per annum by the service provider, then no service tax is payable by him and no such tax will be collected from the consumer. The limit of Rs. ten lakhs does not apply to any single consumer; but it is the total cost of service provided by the company to all the consumers put together.
Answered by saravanan, 29 Sep '08 07:51 pm

 
  
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4.

The people.
Answered by Mister Singh, 29 Sep '08 07:45 pm

 
  
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