Calculation
This query is : Resolved
Shiv Shankar Prasad
(Querist)
19 September 2014
we have done taxable service in 13-14 for Rs. 60,00,000 excluding tax . We have received Service tax input Rs.1,58,000.00on various type of bills (courier,archcitch, etc) and also paid Excise duty about
t Rs 100,0000. on goods purchase bills please give how to calculate service tax.
thanks
Annu Agarwal
(Expert)
19 September 2014
sir as per the details provided your output service tax liabilty is=60,00,000/112.36*100*12.36%=53,39,979*12.36%=6,60,021
Input cenvat credit
Service tax input:1,58,000
excise duty input:1,00,000
Total cenvat credit:2,58,000
service tax payable after adjsuting cenvat credit=6,60,021-2,58,000=4,02,021/-
Input cenvat credit
Service tax input:1,58,000
excise duty input:1,00,000
Total cenvat credit:2,58,000
service tax payable after adjsuting cenvat credit=6,60,021-2,58,000=4,02,021/-
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