Is there a separate act enacted for 'management of Service Tax in India'?
anand das (service) 02 July 2010
Is there a separate act enacted for 'management of Service Tax in India'?
Vineet (Director) 02 July 2010
No, there is no Service Tax Act as such. The Service Tax is governed by chapter V of Finance Act, 1994.
There are Service Tax Rules, 1994 and other rules regarding valuation etc.
anand das (service) 03 July 2010
Thanks Mr Vineet for this information. it has solved my query.
Thanks again.
Shayan Khan (B.com) 06 July 2010
No, the provisions of service tax is governed by the chapter V of finance Act,1994. there is no separate Act for service tax till date.
Rema (Advocate) 08 July 2010
Mr. Vineeth is 100% Correct. There is no Service Tax Act as such. The Service Tax is governed by chapter V of Finance Act, 1994 and and operating practically thorugh Service Tax Rules, 1994 and other notifications, clarifications an circulars.etc.
Rema
Rema (Advocate) 08 July 2010
Mr. Vineeth is 100% Correct. There is no Service Tax Act as such. The Service Tax is governed by chapter V of Finance Act, 1994 and and operating practically thorugh Service Tax Rules, 1994 and other notifications, clarifications & circulars of the department.etc.
Rema