Rounding off of education cess
This query is : Resolved
16 December 2010
Under Service TAX act rounding off of education cess is allowed or not ? For expample
One person provide service of Rs 100 what will be the invoice amount, will it be
Amount 100.00
Service Tax 10.00
Education cess 0.20
H E Cess 0.10
or
Amount 100.00
Service Tax 10.00
Education cess 0.00(rounded off)
H E Cess 0.00(rounded off)
When various type of services are provided and consolidated bill is raised, the treatment will be same or different
One person provide service of Rs 100 what will be the invoice amount, will it be
Amount 100.00
Service Tax 10.00
Education cess 0.20
H E Cess 0.10
or
Amount 100.00
Service Tax 10.00
Education cess 0.00(rounded off)
H E Cess 0.00(rounded off)
When various type of services are provided and consolidated bill is raised, the treatment will be same or different
16 December 2010
No Rounding Off is There For Education Cess.
U Have to Pay Full Amount to Goverment Whether U Collected Same or Not.
Regards,
Ayush Agrawal
U Have to Pay Full Amount to Goverment Whether U Collected Same or Not.
Regards,
Ayush Agrawal
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