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Q6
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   Add  
Service Tax @ 14% 280 Excise 12.5% 5000
Swachh Bharat Cess @ 0.5% 10 Total 45000
Krishi Kalyan Cess @ 0.5% 10 Add  
Total 2300 Vat 5% 2250
    Total 47250


What is ?
Service Tax Payable

View Answer


Note:-
No Input of Vat on Purchases for Service Providers
But Input Available on Excise on Purchases called Cenvat on Inputs

  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 .
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