GK
TAXES IN INDIA
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Whole of India
|
|
|
Whole of India except Jammu and Kashmir
|
|
|
Whole of India, except Jammu and Kashmir and Union Territories of Dadra, Nagar Haveli, Daman & Diu
|
|
|
None of these
|
Detailed explanation-1: -Again, as per Section 64 of the Finance Act, 1994, the Act extends to the whole of India except the State of Jammu & Kashmir. Thus, there is no levy of service tax on the services provided in Jammu & Kashmir. The Department has construed the services rendered in Jammu & Kashmir to be exempted service.
Detailed explanation-2: -Service Tax is applicable to the whole of India except the State of Jammu and Kashmir.
Detailed explanation-3: -Every provider of taxable service whose aggregate value of taxable service exceeds 9 lakhs in a financial year.
Detailed explanation-4: -“The Income Tax Act, 1961, is one of the laws that was applicable to the whole of India including Jammu & Kashmir. Hence, nothing will change for e-commerce operators after the effective revocation of Article 370 under the Income Tax law, ‘’ said Atul Pandey, partner, Khaitan & Co.