B Com Exam > B Com Videos > Indirect Tax Laws > Nature and Scope - Service Tax, Indirect Tax Laws
Nature and Scope - Service Tax, Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com
|
50 videos|54 docs
|
FAQs on Nature and Scope - Service Tax, Indirect Tax Laws Video Lecture - Indirect Tax Laws - B Com
| 1. What is service tax and how does it relate to indirect tax laws? |  |
Ans. Service tax is a form of indirect tax levied by the government on certain services provided by businesses. It falls under the scope of indirect tax laws, which govern the taxation of goods and services rather than individuals or businesses directly.
| 2. What is the nature of service tax in relation to the Indian economy? | |
Ans. The nature of service tax in the Indian economy is that it is a consumption-based tax. It is imposed on the value of services rendered or received within the country. The tax is ultimately paid by the end consumer of the service, making it an indirect tax.
| 3. What are the key features of service tax under the indirect tax laws in India? | |
Ans. Some key features of service tax under the indirect tax laws in India include:
- Applicability: Service tax is applicable to specified services provided by businesses.
- Taxable value: It is levied on the value of the taxable service provided.
- Rate of tax: The rate of service tax can vary depending on the type of service.
- Payment and filing: Service tax payments and returns are required to be made periodically as per the prescribed due dates.
- Exemptions: Certain services may be exempt from service tax based on specified conditions or categories.
| 4. How does service tax differ from other forms of indirect taxes in India? | |
Ans. Service tax differs from other forms of indirect taxes in India, such as excise duty or customs duty, in terms of the taxable base. While excise duty is imposed on the manufacture or production of goods, and customs duty is levied on the import or export of goods, service tax is specifically applicable to services provided.
| 5. What is the scope of service tax in India? | |
Ans. The scope of service tax in India is broad and covers a wide range of services. It includes services provided by businesses such as banking, insurance, telecommunications, advertising, consulting, transportation, and many others. The scope is determined by the government and can be amended or expanded as per the needs of the economy.
Related Exams
About this Video
|
1.1K Views |
|
4.79/5 Rating |
|
Nov 22, 2024 Last updated |
Video Description: Nature and Scope - Service Tax, Indirect Tax Laws for B Com 2024 is part of Indirect Tax Laws preparation.
The notes and questions for Nature and Scope - Service Tax, Indirect Tax Laws have been prepared according to the B Com exam syllabus.
Information about Nature and Scope - Service Tax, Indirect Tax Laws covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Nature and Scope - Service Tax, Indirect Tax Laws.
Introduction of Nature and Scope - Service Tax, Indirect Tax Laws in English is available as part of our Indirect Tax Laws for B Com & Nature and Scope - Service Tax, Indirect Tax Laws in
Hindi for Indirect Tax Laws course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Nature and Scope - Service Tax, Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Indirect Tax Laws.
Information about Nature and Scope - Service Tax, Indirect Tax Laws
Here you can find the meaning of Nature and Scope - Service Tax, Indirect Tax Laws defined & explained in the simplest way possible.
Besides explaining types of Nature and Scope - Service Tax, Indirect Tax Laws theory, EduRev gives you an ample number of questions to practice Nature and Scope - Service Tax, Indirect Tax Laws tests,
examples and also practice B Com tests.
|
50 videos|54 docs
|
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Important questions
,ppt
,Objective type Questions
,video lectures
,Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com
,Nature and Scope - Service Tax
,Free
,MCQs
,practice quizzes
,Summary
,Previous Year Questions with Solutions
,Semester Notes
,Sample Paper
,study material
,Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com
,shortcuts and tricks
,Extra Questions
,Nature and Scope - Service Tax
,Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com
,Viva Questions
,mock tests for examination
,Exam
,past year papers
,Nature and Scope - Service Tax
;
Study Nature and Scope - Service Tax, Indirect Tax Laws on the App
Students of B Com can study Nature and Scope - Service Tax, Indirect Tax Laws alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Nature and Scope - Service Tax, Indirect Tax Laws,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Nature and Scope - Service Tax, Indirect Tax Laws is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup