ronakvaticaDear sir i am an advocate so tell me how to calculate for sarvice tax outher vice i want tax calculater like income tax calculater
From India , Bareli
srikanth6766Service tax collected by the service provider to the customer in case the turnover is More than Rs 10,00,000 p.a. The Service Tax rate will be 10.3 % ( Basic 10% + 2% education cess on Basic & 1% Secondary Higher Education cess on Basic duty). In some Categories service tax will be exempted at a certain levels.
From India , Vijayawada
Suresh ChitlangyaDear All, i also want to know , whether can we adjust Excise Duty input , with Service Tax output. can anyone guide me in this matter.
From India, Hyderabad
CA sauravguptaIf u are buying inputs loaded with ED input and paying service tax, then u can adjust the ED input with ST output and need to pay only balance amount.
For Example: if u have ED input credit of Rs.10000 and ST liability (Output) Rs.30000 (at the end of month/quarter), then u need to pay only Rs.20000 (30000-10000) by 5th day of following month
From India, Faridabad