Similar to excise duty, Service tax is payable on goods that manufactures and payable on the services offered. The Central Government of India levies it on services offered excluding services covered under negative list and considering the Place of Provision of Services Rules from the person liable to pay service tax. The rate of service tax applicable from 1st June 2015 is 14%.It is inclusive of SHEC and education cess. It must be deposited on quarterly/monthly basis and paid either by manually depositing in the bank or through online payment of service tax. In case of excess payment of tax by the service provider with the government, the service provider can either adjust the amount paid in excess, or can claim refund of the excess tax deposited. The residents of Jammu and Kashmir are however free from paying service tax.
We feel pride in offering our customers the wide range of products of the top leading brands of the world.