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

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  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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