Q. The service tax was introduced in which of the following year in India?
Answer: B
Notes:
Explanation: The share of the services sector in the GDP of India has been going upward for the last decade.
- The introduction of service tax in 1994–95 by the Government of India has started paying the government on its tax revenue front.
- Introduced to redress the asymmentric and distortionary treatment of goods and services in the tax regime, the service tax has seen gradual expansion in the country.
Source: Ramesh Singh

