Q4
Service Provided
| Service to X Ltd | |
| Consultancy Service | 1000 |
| Add | |
| Service Tax @ 14% | 140 |
| Swachh Bharat Cess @ 0.5% | 5 |
| Krishi Kalyan Cess @ 0.5% | 5 |
| Total | 1150 |
Service Received
| AIRTEL | |
| Telephone Bill | 4000 |
| Add | |
| Service Tax @ 14% | 560 |
| Swachh Bharat Cess @ 0.5% | 20 |
| Krishi Kalyan Cess @ 0.5% | 20 |
| Total | 4600 |
What is ?
Output Service Tax
Input Service Tax
Service Tax Payable
-a-
| Particulars | Tax | Swachh Bharat Cess | Krishi Kalyan Cess | Total |
| Output Service Tax | 140 | 5 | 5 | 150 |
| Input Service Tax | 560 | 0 | 20 | 580 |
| Service Tax Payable | 0 | 5 | 0 | 5 |
| Closing Cenvat | 420 | 15 | 435 |
Note:-
Since there is closing Cenvat of Tax and Swachh Bharat Cess which we can carry forward to next period
However,we have to Pay Swachh Bharat Cess of 5 as it does not have any input
Q4B Continuing last question,Suppose in next period,
Service Provided
| Service to X Ltd | |
| Consultancy Service | 60000 |
| Add | |
| Service Tax @ 14% | 8400 |
| Swachh Bharat Cess @ 0.5% | 300 |
| Krishi Kalyan Cess @ 0.5% | 300 |
| Total | 69000 |
Service Received
| AIRTEL | |
| Telephone Bill | 5000 |
| Add | |
| Service Tax @ 14% | 700 |
| Swachh Bharat Cess @ 0.5% | 25 |
| Krishi Kalyan Cess @ 0.5% | 25 |
| Total | 5750 |
| Particulars | Tax | Swachh Bharat Cess | Krishi Kalyan Cess | Total |
| Output Service Tax | 8400 | 300 | 300 | 9000 |
| Input Service Tax | 700 | 0 | 25 | 725 |
| Add Opening Cenvat | 420 | 0 | 15 | 435 |
| Total Cenvat | 1120 | 0 | 40 | 1160 |
| Service Tax Payable | 7280 | 300 | 260 | 7840 |
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