Service tax calculation
This query is : Resolved
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
(Expert)
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
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
(Expert)
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.
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