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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
| Particulars | Tax | Swachh Bharat Cess | Krishi Kalyan Cess | Total |
| Output Service Tax | 14000 | 500 | 500 | 15000 |
| Less | ||||
| Input Cenvat | ||||
| On Input Services (Input Service tax on expenses) | 280 | 0 | 10 | 290 |
| On Inputs (Excise on purchases) | 5000 | 0 | 0 | 5000 |
| Total Cenvat | 5280 | 0 | 10 | 5290 |
| Service Tax Payable | 8720 | 500 | 490 | 9710 |
Note:-
No Input of Vat on Purchases for Service Providers
But Input Available on Excise on Purchases called Cenvat on Inputs
