Service Tax: Understanding Its History, Applicability, and Transition to GST
Service Tax was an important indirect tax system in India that was levied on specified taxable services provided by businesses and professionals. It played a significant role in India’s indirect taxation framework before the introduction of the Goods and Services Tax (GST). Understanding Service Tax remains relevant because many businesses, tax professionals, and legal practitioners […]
Service Tax: Understanding Its Role, History, and Impact on Businesses in India
Service Tax was one of the most significant indirect taxes in India before the introduction of the Goods and Services Tax (GST). It was levied on specified services provided by service providers and formed an important source of revenue for the government. Although Service Tax has largely been subsumed under GST since July 1, 2017, […]
