What is features of service tax?

Service tax is a form of indirect tax levied on services provided by service providers to consumers. Key features include its application only to specific services listed under the law, the obligation for service providers to collect and remit the tax, and the ability for businesses to claim input tax credits on services used for taxable activities. The tax rate is typically a percentage of the service value, and it is governed by regulations set forth by the tax authorities in a given jurisdiction.