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What is Overview of Indian Service Tax System about?

Indian Service Tax is an indirect tax levied on 101 types of specified services by the Central Government. The rate is currently 10% of the gross value of taxable services. Registration is required for service providers with annual receipts exceeding Rs. 7 lakhs. The value of taxable services is the gross amount received by the service provider, with some services eligible for an abatement percentage reduction.

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anon_993677

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