Do think govt service tax scheme.how can service tax is benificial for country?os ot right or wrong?gov will r

Question

3% education cess is right or wrong?

Answer 1

Best Answer - Chosen by Voters

Service tax is good because everyone using a service pays it and it can not be avoided. However personal income tax should be abolished as it amounts to double taxation on those paying income tax, while others who don't pay income tax are only paying service tax.

Answer 2

Service tax is 12%

Edcuation cess 2% on 12%=0.24

Total ST =12.24%

Answer 3

service tax is one of the indirect tax where govt get huge revenue of around Rs.20000 crores during 2006-07. Till 1994 govt levied tax on goods by way of ex.duty / customs duty. Tax on services which is a new concept whereby getting lot of ex-checker to the Got.. It is usable to public in many ways.
presently education cess is 2% on service tax of 12%. It means service tax is payable by 12.24%.