Quiz Contest - 4 (Service Tax)

1. WHAT IS CURRENT RATE OF SERVICE TAX ?(INCLUDING CESS)

10.3% (10% SERVICE TAX + 2%EDU. CESS +1%SHE CESS)

10% (NO CESS)

10.3% (10% SERVICE + 3% EDU. CESS)

2. CLASSIFICATION OF TAXABLE SERVICES IS DETERMINED BY THE SUB CLAUSES OF

CLAUSE (105) OF SECTION 65 OF THE FINANCE ACT

CLAUSE (105) OF SECTION 65A OF THE FINANCE ACT

CLAUSE (105) OF SECTION 66 OF THE FINANCE ACT

NONE OF THESE

3. SEC. 65A CONTAINS PROVISIONS RELATED TO

CLASSIFICATION OF SERVICES

CLASSIFICATION IN CASE OF OVERLAPPING OF TAXABLE SERVICES

BOTH OF THESE

NONE OF THESE

4. RATE OF SERVICE TAX WAS FURTHER RAISED TO 12% BY THE FINANCE ACT 2006.PRESENTLY , THE PRESENT RATE OF SERVICE TAX IS 10% w.e.f.

24th FEBRUARY 2007

24th FEBRUARY 2008

24th FEBRUARY 2009

24th FEBRUARY 2010

5. WHAT WAS THE SERVICE TAX RATE ,WHEN IT WAS FIRST TIME INTRODUCED IN INDIA?

3%

4%

5%

6%

6. WHEN WAS THE RATE OF SERVICE TAX RAISED TO 10%

W.e.f. MAY 14,2003

W.e.f. 10.9.2004

W.e.f.10.9.2005

W.e.f.10.9.2006

7. SERVICE TAX IS LEVIED ON SERVICES PROVIDED WITHIN THE TERRITORY OF INDIA INCLUDING TERRITORIAL WATERS OF INDIA EXTENDING UP TO ....... NAUTICAL MILES
( UNDER INTERNATIONAL SEA ACT).

200

100

12

24