Service tax is a central tax, which has been imposed on the consumers of the selective services and is the latest addition to the genus of indirect taxes like customs and central excise duty. In developed countries, service tax constitutes a major portion of GDP. India, a developing country, was somewhat slow in discovering the potential of this kind of indirect taxation for enhancement of revenue collection.
It was the Finance Act 1994 that first introduced the service tax provisions through its Chapter V. A wide array of services will be taxed under the new provisions of law. Service Tax is collected by Central Excise Department.
Our endeavor is to be recognized as the leading Service Tax Consultancy, and to be leading advocate of a fair, neutral and consistent Service Tax – regime.
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