Service tax calculation

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Nitin (Querist)
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09 September 2015 how to calculate service tax quarterly and what percentage of credit is to deducted from total to arrive at net tax payable

Rajesh Sharma

Rajesh Sharma (Expert)
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11 September 2015 Hi Nitin,

Please specify what kind of service you provide and gross receipt during the period and cenvat amount.

Regard

Rajesh Sharma
nspandcompany@gmail.com
9920534595

Suresh Ramaswamy

Suresh Ramaswamy (Expert)
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14 September 2015 Service tax is payable on all amounts received in advance and billed during the period. For CENVAT Credit, please refer to CENVAT Credit Rules for eligible inputs.