You are here
DOWNLOAD AND TRY
Q1
Service Provided
| Service to X Ltd | |
| Consultancy Service | 100000 |
| Add | |
| Service Tax @ 14% | 14000 |
| Total | 114000 |
Service Received
| AIRTEL | |
| Telephone Bill | 2000 |
| Add | |
| Service Tax @ 14% | 280 |
| Total | 2280 |
What is
?
Output Service Tax
Input Service Tax
Service Tax Payable
-a-
| Particulars | Tax |
| Output Service Tax | 14000 |
| Input Service Tax | 280 |
| Service Tax Payable | 13720 |
-ea-
Note:-
Input Service Tax Is also called Cenvat on Input Services
