Service Tax
Service Tax What is it? It is tax on the transaction of providing a service for a consideration. Presently, it is collected on “100” services. Who pays it? Normally it is to be paid by the service provider. However in certain cases the responsibility is on the service, e.g., service provided by a goods transport agency for transport of goods by road; sponsorship receiver providing service to sponsor; or where the service provider is located outside India. Small service providers…