abhishreshthaa
Abhijeet S
Tax Amount
The government charges Service Tax in India on the gross amount which the service providers charge from their clients.
By bringing more and more services within the scope of Service Tax, the government intends to enhance its revenue earnings manifold.
The Service Tax amount used to be 5% when the government first launched Service Tax in India. In 2003, this was hiked to 8%.
Currently, the rate of Service Tax in India is 10.2%, including a 2% Education Cess.
The government charges Service Tax in India on the gross amount which the service providers charge from their clients.
By bringing more and more services within the scope of Service Tax, the government intends to enhance its revenue earnings manifold.
The Service Tax amount used to be 5% when the government first launched Service Tax in India. In 2003, this was hiked to 8%.
Currently, the rate of Service Tax in India is 10.2%, including a 2% Education Cess.