Cenvate of service tax on advocate bill
This query is : Resolved
02 August 2013
DEAR SIR
WE ARE PVT LTD CO. REGISTERD IN SERVICE TAX. WE HAVE DEPOSITED SERVICE TAX 12.36% ON FULL AMOUNT OF rS. 10000 ON SALE TAX ADVOCATE BILL. CAN WE AVAIL THE CENVATE AFTER DEPOSITING THE SERVICE TAX
THANKS & REGARDS
WE ARE PVT LTD CO. REGISTERD IN SERVICE TAX. WE HAVE DEPOSITED SERVICE TAX 12.36% ON FULL AMOUNT OF rS. 10000 ON SALE TAX ADVOCATE BILL. CAN WE AVAIL THE CENVATE AFTER DEPOSITING THE SERVICE TAX
THANKS & REGARDS
02 August 2013
Yes you can..
pass entry as below
Dr.Cenvat credit 12%
Dr.Cenvat credit ed.cess2%
Dr.Cenvat credit sec.ed.cess 1%
Cr Bank account
(being credit taken on service tax paid for advocate bill under reversecharge)
pass entry as below
Dr.Cenvat credit 12%
Dr.Cenvat credit ed.cess2%
Dr.Cenvat credit sec.ed.cess 1%
Cr Bank account
(being credit taken on service tax paid for advocate bill under reversecharge)
02 August 2013
Yes, provided other conditions of availing credit is fulfilled.
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