service tax

Definition

Tax imposed on service providers in India except for the State of Jammu and Kashmir. There is a specific list of services that are able to be assessed this tax. The tax was first introduced on July 1, 1994 and is expected to eventually incorporate all services offered within the country.

Use service tax in a sentence

You may need to put on a service tax and adjust your price accordingly so people will still buy it.

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They would have to pay some service tax on it and I knew that would cause them a lot of heartache and stress.

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After moving to India, Melanie was enamored of many aspects of the country, except for the service tax that was added to the invoices from many providers.

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