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
View Answer



Note:-
No Input of Vat on purchases for Service Providers

  1. Tax Practical
  2. Practical Service Tax
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .