Service Tax in Jammu and Kashmir
While the Indian Service Tax is not applicable in Jammu and Kashmir (it is applicable though in Japan as many Revenue officers believe), the State of J&K has its own Service Tax. More services like courier services, marriage and banquet halls, private educational and professional institutions, coaching institutions, cable network, insurance, banking and other financial services are being brought under the Service Tax net. The rate of Service Tax also is being hiked from the present 4% to 8%.