Service tax was first introduced in_____.

1993-94

No worries! We‘ve got your back. Try BYJU‘S free classes today!

1994-95

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

1995-96

No worries! We‘ve got your back. Try BYJU‘S free classes today!

1998-99

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B 1994-95
Service tax was introduced in 1994 by the finance minister Dr.Manmohan Singh in which he emphasized the need for service tax. Service tax is the tax levied on the service provided by the seller to the customer and is borne by the customer. Hence, service tax was introduced in 1994-95.

Suggest Corrections