UNDERSTANDING THE SERVICE TAX IN PRE GST ERA

Abstract

With the growth of economy of any nation, it becomes necessary that all the sectors should contribute. Service is an important sector in this regard. As the service sector is growing by leaps and bounce in the Indian economy, this sector is supposed to be utilized by the State as a vibrant avenue to augment its revenues by taxing this sector. In the present paper we will try to understand service tax particularly in the time frame of Pre GST era.