Budgeting and Fiscal policy

Indian Economic System(RAS) RAS Exam

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Indian Economy - Understanding the basics of Indian economic system

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Service Tax is a tax levied on services provided in India, except the State of

Assam

Arunachal Pradesh

J & K

Andaman and Nicobar Islands

Explanation:

Service Tax is a tax levied on services provided in India, except the State of Jammu and Kashmir.
Service tax is a tax levied by Central Government of India on services provided or agreed to be provided excluding services covered under negative list and considering the Place of Provision of Services Rules, 2012 and collected as per Point of Taxation Rules, 2011 from the person liable to pay service tax.

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