Cess on service tax
This query is : Resolved
07 May 2009
Suppose I have a bill with service tax.
Service charge AAA
Service tax @10.30% = BBB
[ Cess has not shown separately in bill].
If I book the bill in the same way and cess not book separately... is there any problem?
Separately booking of cess is mandatory or not?
If I book cess with service tax basic amount but shown service tax basic amount and cess separatly in service tax return then what will be the result?
Service charge AAA
Service tax @10.30% = BBB
[ Cess has not shown separately in bill].
If I book the bill in the same way and cess not book separately... is there any problem?
Separately booking of cess is mandatory or not?
If I book cess with service tax basic amount but shown service tax basic amount and cess separatly in service tax return then what will be the result?
07 May 2009
Ideally you should book the service tax and cess separately even if the service provider has clubbed the same.
07 May 2009
Yes expert is correct
07 May 2009
Also problem would arise at the time of making payment of tax. You have to mention proper accounting head for service tax as well as edu cess & HSEC.
And if you want to CENVAT credit you can utilise credit of E.Cess for payment of E.Cess payable by you only.
So it is always advisable to book these items separately.
And if you want to CENVAT credit you can utilise credit of E.Cess for payment of E.Cess payable by you only.
So it is always advisable to book these items separately.
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