GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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section 65 of the Finance Act, 1994
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section 67 of the Finance Act, 1994
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section 65A of the Finance Act, 1999
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none of the above
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Detailed explanation-1: -“67. Valuation of taxable services for charging service tax.-For the purposes of this Chapter, the value of any taxable service shall be the gross amount charged by the service provider for such service provided or to be provided by him.
Detailed explanation-2: -The rate of service tax, value of a taxable service and rate of exchange, if any, shall be the rate of service tax or value of a taxable service or rate of exchange, as the case may be, in force or as applicable at the time when the taxable service has been provided or agreed to be provided.
Detailed explanation-3: -renting of immovable property to an educational body, imparting skill or knowledge or lessons on any subject or field, other than a commercial training or coaching centre.
Detailed explanation-4: -[(1)] Every person liable to pay the service tax under this Chapter or the rules made thereunder shall, within such lime and in such manner and in such form, as maybe prescribed, make an application for registration to the 3[superintendent of Central Excise.]