Taxation Online Test

Service tax is indirect tax, because the burden of service tax can be passed on to the customer

Service Tax is a tax levied on the transaction of certain specified services by the Central Government under the Finance Act, 1994

Service tax was initially levied in India by the Constitution vide entry No. 54 of the State list

Payment made by service provider as agent of service receiver are included for purpose of valuation

In case of service provided from outside India, actual consideration received will be relevant for valuation

If due date of filing return happens to be a holiday, the return can be filed on the next working day immediately following the holiday

Separate returns will have to be filed if multiple services are provided

There is no need to file a nil return

Service tax has to be rounded off to nearest rupees ten

Service tax has to be rounded off to nearest rupees ten

In case the payment of service tax is made by cheque, the date of payment is the date on which the cheque is encased by the bank

Service tax is payable on the money which is received in advance

Service tax is to be paid at the stage of rendering the service

Service tax is always paid by the service provider

Charge of service tax is in relation to service provided or to be provided

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