banner_ad

Credit of service tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 August 2008 Dear All,
i m in Service providing Co. & Co. raising the invoices with Service Tax @12.36 without bifurcation of Basic S.T. , 2% Ed. Cess & 1% Higher Ed. Cess.
I want to know whether it is overruled invoices
Further i want to know it is compulsory to avail the credit from 12% receivable can adjust for credit of 12% payable & from 2% ,1% receivable can adjust for credit of 2% ,1%
Profile Image

Mitesh Shah

Profile Image

Mitesh Shah (Expert)
01 September 2008 hi,

1. u have to bifurcate service tax 12% ST, 2%EC and 1% HEC in your invoice and also accounting them differently

2. u take the credit of service tax credit 12% again 12% ST, SC 2% again 2%, and HEC 1% again 1% not viseversa.

As per the service tax act.

Mitesh.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details