Service tax calculation
Querist : Anonymous
If in December Month, If our company purchase Service with service tax 12.36% is more than Sales Service with service tax 12.36%. Ultimately Which is we paid extra service tax.
& next Month i.e. in Jan month We sell service with Service Tax more than purchase Then we can do calculate Service tax computation of combine 2 months.
December 2013-
Computation of liability = Output liability (Say Rs. 100) - Cenvat Credit for the month (Rs. 150). So you carry forward Cenvat balance of Rs. 50.
January 2014 -
Computation of liability = Output liability (Say Rs. 100) - Cenvat Credit (opening bal Rs. 50 + Cenvat for the month 25)= Output liability of Rs. 25 to be paid on or before 6th February.
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
