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DEFINITION of 'Service Charge'. A type of fee charged to cover services related to the primary product or service being purchased. For example, a concert venue may charge a service fee in addition to the initial price of a ticket in order to cover the cost of security or for allowing electronic purchases.
Previously, during preparation of invoice or bill, the service provider would charge service tax @ current rate i.e. 12.36% presently on the gross value of service provided, and present an aggregate amount as final bill to the service receiver.ervice tax is an indirect tax levied by service provider on the service recipient. The service provider collects service tax on bills raised on the service recipient and deposits it into the Government account.