Section Article

Indias Service Tax
Author(s): Dr. Raj Tilak Mehta

Abstract
A dramatic change in Indias fiscal policy the countrys new service tax reflects a worldwide trend towards more inclusive tax systems. This tax which is part of the larger Goods and Services Tax (GST) system is a radical departure from the disjointed service tax framework that existed before its introduction. Tax administration compliance expenses and revenue collection are all intended to be streamlined by the integration of service taxes. This article delves into the growth of service taxes in India assesses how different industries have been affected by the adoption of GST and examines the administrative and economic repercussions. This research delves into the shifting policies stakeholder reactions and worldwide practices surrounding the service tax to provide a comprehensive analysis of its impact on Indias economy.