26 September 2012
This month we have raised one bill to our customer & we received one bill fro our vendor details as below Raised to customer (A);- service Tax Basic 100000 12% 12000 2% 240 1% 120 Received from Vendor (B) :-
service Tax Basic 50000 12% 6000 2% 120 1% 60 My Question :- as per new service tax rule how munch to pay the service tax & How much take a input credit pls explain anybody
26 September 2012
Dear, Your Service tAx liability is on the Value of SErvice provided by you, Here in given example: Your total liability : Rs.12360.00 Pay by CENVAT Credit : Rs. 6180.00 Pay in Cash : Rs. 6180.00
CENVAT : Amount would be equal to ST amount paid on the Services received as input services. Herein given case Rs. 6180.00
CAclubindia
