Taxation Online Test

Service tax was introduced first time on _________ services


The provisions relating to service tax are given in


Return of service tax is to be filed in form ST - ____


Return of service tax has to be filed


Service tax is payable on the value of taxable service @


Service tax was introduced in India in the year


Certain goods may also be subject to duty under some other Acts such as Additional Duty of Excise (Goods of Special Importance) Act, 1957 or certain Cess


Supreme Court has asked manufacturers of laminated particle board will be liable to pay a higher excise duty as after processing, the product becomes a distinct marketable commodity different from the original one


Excise duty on alcohol, alcoholic preparations, and narcotic substances is collected by the State Government and is called "Central Excise" duty


Generally speaking, the Small Scale Units, who manufacture the goods specified in the relevant exemption notifications and fulfil the conditions specified in such exemption notifications, are exempt from payment of duty till their aggregate clearances do not exceed Rs.1 Crore in a financial year


The term "excisable goods" means the goods which are specified in the First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985, as being subject to a duty of excise and includes salt


Excise duty payable is based on the classification of services given in the Central Excise Tariff Act, 1985 (CETA) the Act gives a list of items chargeable to Central Excise duty


In Central Excise Tariff, against each item a rate of duty has been prescribed. These are normally termed as "tariff rates".


Central Excise registration is separately required by 100% EOU(Export Oriented Unit)


A service provider is required to obtain a license from the Central Excise department for payment of Central Excise duty

















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