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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

  • question_answer
          In which year was Service tax introduced?
    1. 1983-84     
    2. 1994-95
    3. 1967-68    
    4. 2003-2004

    A) I only               

    B)        2 only

    C) 3 only              

    D)        4 only

    Correct Answer: B

    Solution :

    Service tax was introduced in 1994-95 to address the asymmetric and distortionary treatment of goods and services in tax framework and to widen the tax net


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