Srikanth6766
Accounts Executive
+3 Others

Dear All
let me know where service tax is applicable when..
1.If we our shop have job work type.
2.job work material has excise duty which paid by our servie receiver.
3.if require then limit of billing amt in one year.
kindly help me ?
Raju Shriname
Dear sir i am an advocate so tell me how to calculate for sarvice tax outher vice i want tax calculater like income tax calculater
Service 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.
Dear All, i also want to know , whether can we adjust Excise Duty input , with Service Tax output. can anyone guide me in this matter.
If 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
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™