⟩ What is Service Tax & Excise? How will it be charged?
Service Tax is a Indirect Tax which is levied on Service. The Service receiver will pay to the service provider.
Ex: Servicing a Vehicle, Delivering goods, outsourcing agencies. etc.
Excise Duty is also a form of Indirect Tax but this is imposed on Goods or manufacturing Items.
Ex: Steel, Cement, dress Materials, etc