Confused with service tax amount calculation pls help
This query is : Resolved
PRAFUL NANDA
(Querist)
05 December 2013
Hello sir/mam,
Please help me out to calculate service tax amount.
I have already registered my small education company for service tax and providing education services to govt.
For the FY2013-14
I have to issue two bills ( can not break this bill, complete bill only has to be given )
Bill 1) 5,56,000
Bill 2) 5,88,000
I am confused on how much amount I have to calculate the service tax is it on entire 5,88,000 or on 1,44,000 (556000+588000-1000000 exemption limit)
In case if I suppose to pay the service tax on 1,44,000 than how I shall prepare second bill as I have to show tax information.
Please help me out to calculate service tax amount.
I have already registered my small education company for service tax and providing education services to govt.
For the FY2013-14
I have to issue two bills ( can not break this bill, complete bill only has to be given )
Bill 1) 5,56,000
Bill 2) 5,88,000
I am confused on how much amount I have to calculate the service tax is it on entire 5,88,000 or on 1,44,000 (556000+588000-1000000 exemption limit)
In case if I suppose to pay the service tax on 1,44,000 than how I shall prepare second bill as I have to show tax information.
CA Pratik Shahnand
(Expert)
05 December 2013
Dear Praful,
You will have to break this bill or else you will have to charge service tax on entire amount of Rs. 5,88,000.
You will have to break this bill or else you will have to charge service tax on entire amount of Rs. 5,88,000.
Message likes :
2 times
27 December 2013
Services provided on account of education is exempted from the service tax.
Please refer the following link for the Complete details.
1. https://www.topcafirms.com/index.php/white-paper/5166-exemption-in-relation-to-services-to-or-by-educational-institutions
2. https://www.servicetax.gov.in/circular/st-circular13/st-circ-172-2013.htm
Can help you if you specify details like Nature of services provided etc.. as Education Institution.
Regards
Please refer the following link for the Complete details.
1. https://www.topcafirms.com/index.php/white-paper/5166-exemption-in-relation-to-services-to-or-by-educational-institutions
2. https://www.servicetax.gov.in/circular/st-circular13/st-circ-172-2013.htm
Can help you if you specify details like Nature of services provided etc.. as Education Institution.
Regards
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