26 March 2008
As per the service tax rule you have to shown the tax and cess separately . This is the general procedure and you have to complied with and i think tehre is penalty or anything for non following of this.
26 March 2008
I want to confirm whether education cess & SHEC both should also seperately shown. One more thing tell whether there has been constituted any fund seperately for both.
26 March 2008
YES EDUCATION CESS AND SECONDARY HIGHER EDUCATION CESS SHALL BE SHOWN SEPERATELY BEING BOTH ARE CESS BUT THE PURPOSE AND UTILISATION FOR WHICH THEY HAVE BEEN IMPOSED IS DIFFERENT
26 March 2008
Yes central govt has constituted separate fund for education cess as well as secondary & higher education cess therefore respective amount will be in respective fund.
26 March 2008
yes both Education cess and Secondary Higher education Cess has to be shown seperately in the invoice and both the above mentioned funds are different funds as the purpose for which they will be used by the govt is different.
CAclubindia
