Service provider gets input of Excise and Service Tax on Expense Bills 
This is called Cenvat

It is normally of 3 types

TYPES OF CENVAT

MEANING

Cenvat on Input Services

SERVICE TAX ON EXPENSES

Cenvat on Inputs

EXCISE ON PURCHASES

Cenvat on Capital Goods

EXCISE ON MACHINES ½

(Available in two years)

 

 


Following are Expense and Incomes Bills of a Service Provider

What is Meaning of Cenvat for Service Providers image.jpg



Make Service Tax Computation

View Answer
  1. Tax Practical
  2. Practical Service Tax

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.