The service sector is the largest and most important sectors in India as it contributes to more than 57 percent of India’s GDP & 54.40% of total India’s GVA of 169.61 lakh crore Indian rupees. Gross Value Added (GVA) at current prices for the Services sector is estimated at 92.26 lakh crore INR in 2018-19.
All the services are hooked with GST or the goods and services tax until unless they are exempted either by law or by notifications. Prior to the GST regime, services have a different meaning, but the introduction of GST in the country led Government to give an appropriate and specific definition for the word ‘service’ in order to impose a tax on them.
