Q5
Service Provided
| Service to X Ltd | |
| Consultancy Service | 100000 |
| Add | |
| Service Tax @ 14% | 14000 |
| Swachh Bharat Cess @ 0.5% | 500 |
| Krishi Kalyan Cess @ 0.5% | 500 |
| Total | 115000 |
Expenses
| AIRTEL | Purchase from Y Ltd | ||
| Telephone Bill | 2000 | Purchase | 40000 |
| Add | |||
| Service Tax @ 14% | 280 | Add | |
| Swachh Bharat Cess @ 0.5% | 10 | Vat 5% | 2000 |
| Krishi Kalyan Cess @ 0.5% | 10 | ||
| Total | 2300 | Total | 42000 |
What is ?
Output Service Tax
Input Service Tax
Service Tax Payable
| Particulars | Tax | Swachh Bharat Cess | Krishi Kalyan Cess | Total |
| Output Service Tax | 14000 | 500 | 500 | 15000 |
| Input Service Tax | 280 | 0 | 10 | 290 |
| Service Tax Payable | 13720 | 500 | 490 | 14710 |
Note:-
No Input of Vat on purchases for Service Providers
