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What is Understanding Service Tax in India about?

This document provides an overview of service tax in India. It defines key terms like service, taxable services, and negative list. Some main points: - Service tax is an indirect tax imposed on specified taxable services in India, and was introduced in 1994 to reduce tax burden on manufacturing and trade. - A service is any activity carried out for consideration, and includes declared services. There are currently around 116 taxable services across various industries. - India has shifted to a negative l

Author

Ananya

Language

EN