Multiple choice

Which of the given statements is/are true?

  1. Service tax is a part of Central Excise in India.
  2. It is a tax levied on services provided in whole of India.
  3. The responsibility of collecting the tax directly lies with the Central Board of Indirect Taxes.

  1. Only 1

  2. Only 1 & 3

  3. 1, 2 & 3

  4. Only 3

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Service tax is a part of Central Excise in India.

It is a tax levied on services provided in India, except the State of Jammu and Kashmir. The responsibility of collecting the tax lies with the Central Board of Excise and Customs (CBEC).