Calculation of e.cess after adjustment of input
This query is : Open
06 December 2013
Dear Experts
we need to pay on S.tax on Service,and we have input.what my doubt is Education cess& S.H Cess is caluculated before adjustment of input or after adjustment of input tax na.
Please clarify.
Thanks In Advance.
Regards
S.Satyanarayana.
we need to pay on S.tax on Service,and we have input.what my doubt is Education cess& S.H Cess is caluculated before adjustment of input or after adjustment of input tax na.
Please clarify.
Thanks In Advance.
Regards
S.Satyanarayana.
06 December 2013
FIRST ADJ FOR INPUTS (excl cess) will come and then cess will be added at last.
06 December 2013
thank you sampath my doubt is Education cess is caluculating on Actual tax payable or after input adjusted value na
06 December 2013
First actual tax payable (excluding cess) then deduct inputs and finally only if there is still tax payable then add cess to it and pay the bal.
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