Getting Refund of Service Tax on Purchase of Your Apartment or House - 0 views
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abhilasha singh on 21 Nov 09Service Tax is a tax levied on service providers in India. All service providers in India, except those in the state of Jammu and Kashmir, are required to pay Service Tax. The objective behind levying service tax is to reduce the degree of intensity of taxation on manufacturing and trade without forcing the government to compromise on the revenue needs. On February 24, 2009 in order to give relief to the industry reeling under the impact of economic recession, the rate of Service Tax was reduced from 12 per cent to 10 per cent. Procedure to get refund of service tax on purchase of your apartment