Home »
MCQs »
Commerce MCQs »
Indian Economy MCQs
In which budget was service tax introduced in India?
5. In which budget was service tax introduced in India?
- Budget 1997-98
- Budget 1973-74
- Budget 1994-95
- Budget 1990-91
Answer: C) Budget 1994-95
Explanation:
The arrangements connecting with Service Tax were carried into power with impact from July 1, 1994, vide part V of the Finance Act, 1994. It stretches out to the entire of India aside from the State of Jammu and Kashmir.