GENERAL KNOWLEDGE

GK

TAXES IN INDIA

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Service tax is governed and administered by
A
CBEC
B
CBDT
C
Both of these
D
None of these
Explanation: 

Detailed explanation-1: -Cbec tasks include collection of Custom Duty or Import Tariff, Central Excise Duty & Service Tax & formulation of policy concerning levy and various other including like administrative authority for customs houses, Central Excise Commission rates and Central Revenues Control Laboratory.

Detailed explanation-2: -A service tax is a tax that is levied by the Government of India on services that are provided by a service provider. It is an indirect tax under the Finance Act, 1994.

There is 1 question to complete.