Answer below questions and predict your rank
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Why is there no service tax act in India unlike other acts such as the Central Excise Act, Customs Act, etc?

Open uri20170510 32134 ughyv5?1494421703 asked

Why is there no service tax act in India unlike other acts such as the Central Excise Act, Customs Act, etc?

    0       0 Answer Now Comment Report
1 Answers
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Okay lets begin with travelling way back in 1994 when the Service tax was first introduced. 1.Service tax was recommended by the Chilliah committee and was announced in the Finance act 1994 by Dr Manmohan Singh(Finance minister back then). 2.As per the Indian constitution, Entry 97(Residuary list) gives power to the Government to levy any kind of tax which is genuine and necessary. With the help of this entry the Service tax was introduced in 1994. 3.I am sure the government was looking forward to create a Service tax act which I assume because the parliament amended the constitution way back in 2003 enabling Entry 92(c) to charge service tax which hasn't been used to levy the service tax due to the absense of an exclusive Act. Consequently service tax is still being collected under the power of Entry 97 since the Finance act '94 had been passed under it. 4. Now since there is going to be no service tax, or for that matter any indirect tax in place of which the GST has been proposed, the Service tax Act will hence never be made. Hope that helped :)

    1       0 Comment Report
Get Notifications
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.