Service tax return
This query is : Resolved
20 October 2012
Dear sir
In service tax return point no.
(I) SERVICE TAX PAYABLE
(II) TAXABLE AMOUNT CHARGED
What is difference between in this two point?
In TAXABLE AMOUNT CHARGED What detail required to be filled? Pls explain in detail
In service tax return point no.
(I) SERVICE TAX PAYABLE
(II) TAXABLE AMOUNT CHARGED
What is difference between in this two point?
In TAXABLE AMOUNT CHARGED What detail required to be filled? Pls explain in detail
21 October 2012
Taxable amount charged means the amount charged for providing the service.
Service tax payable means the service tax liability on the aforesaid amount.
For eg:
Service charges Rs. 1,00,000
Add: Service tax @ 12.36% 12,360
Total 1,12,360
Taxable amount charged = Rs. 1 lakh
Service tax payable = Rs. 12,360
Service tax payable means the service tax liability on the aforesaid amount.
For eg:
Service charges Rs. 1,00,000
Add: Service tax @ 12.36% 12,360
Total 1,12,360
Taxable amount charged = Rs. 1 lakh
Service tax payable = Rs. 12,360
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