The correct answer is the service tax. The service tax was collected for the first time at a fixed rate of five percent from July 1, 1994 to May 13, 2003, at a fixed rate of eight percent w. The person required to pay the service tax is governed by the 1994 tax regulations, who may be a provider or recipient of services or any other person to whom they have been held responsible. It is an indirect tax in which the service provider collects the service tax from the service recipient and pays it to the Government of India.
Similarly, Aditya Birla Money Insurance Advisory Services Limited and Aditya Birla Insurance Brokers Limited are insurance intermediaries and are engaged in the distribution of insurance products and their services may include products from Aditya Birla Sun Life Insurance Company Limited and Aditya Birla Health. Limited insurance company. This changed the tax system for services, from taxing some selected services to taxing all services other than those mentioned in the negative list. While in the case of a service provider whose taxable added service value did not exceed 9 lakhs in a financial year, it does not need to obtain registration, if it has obtained the registration, it will only be subject to the payment of service tax if the value of the taxable services exceeds 10 lakhs of rupees.
Service tax revenues collected from the Government of India have increased steadily since its creation in 1994.Rule 4B provides for the issuance of a waybill to a customer by the service provider with respect to freight reservation services. This invoice, invoice or challenge will also include documents used by banking service providers (such as proof of payment, debit, credit, advice, etc.).