Service tax

Save Share

This query is : Resolved

Rishi (Querist)

11 January 2014 HI ALL,

SOMEONE TELL ME IF I PROVIDE SECURITY SERVICES AND CHARGE SERVICE TAX ON THAT, AND I RECEIVE SECURITY SERVICE FROM OTHER SERVICE PROVIDER CAN I GET CREDIT ON THE PAYMENT OF SERVICE TAX....

THANKS IN ADVANCE.

Annu Agarwal

Annu Agarwal (Expert)

12 January 2014 Yes credit of service tax paid on input service can be used to pay service tax on output service.

Message likes : 1 times

Rishi

Rishi (Querist)

12 January 2014 Hi Annu thanks for you reply, please clear one thing if i provide service of Rs. 112.36 (including service tax @12.36%) and received service of Rs. 56.18 (Including Service tax) than how much service tax I liable to be paid.

Annu Agarwal

Annu Agarwal (Expert)

12 January 2014 As service provider you are liable to pay 25% i.e 3.09.(12.36*25%).whereas as service receiver you have paid 6.18(25% to service provider and 75% to government directly).you can utilize whole 6.18 input service tax credit while paying 3.09.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now