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What is the sanction behind the service tax? How is its collection authorized?

April 26, 2017authorized collection sanction service tax

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What is the sanction behind the service tax? How is its collection authorized?

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Ans. The service tax gains its authority from Item no. 97 in the Union List of the Seventh Schedule to the Construction of India. Sections 64 to 96 of the Finance Act, 1994, as amended from time to time, provide the legal basis for the levy and collection of tax. Section 66 of the Act authorize the charging of Service Tax.