Service tax return
This query is : Resolved
Rakesh Sharma
(Querist)
03 October 2013
One of my client (Individual) is registered under Business Auxiliary Services & provide service of EVD Value (Easy Recharge) which is purchased from TATA.
My client paid service tax on invoices issued by TATA & Collect service tax on invoices issued to customers & He paid the difference (Collect - Received).
My queries is :-
1) Where I show the above amount of Service Receive & Service Provide & Service Tax (Collect & received).
Please explain the same.
Thanks in advance.
My client paid service tax on invoices issued by TATA & Collect service tax on invoices issued to customers & He paid the difference (Collect - Received).
My queries is :-
1) Where I show the above amount of Service Receive & Service Provide & Service Tax (Collect & received).
Please explain the same.
Thanks in advance.
Shyam Lal Naik
(Expert)
03 October 2013
1. You need to show the full amount of service charged from customers(Output Service) and the tax collected.
2. You need to take cenvat credit of tax paid to TATA and adjust the same with the Output tax.
3. Balance tax, ie difference shall be shown as paid in cash.
2. You need to take cenvat credit of tax paid to TATA and adjust the same with the Output tax.
3. Balance tax, ie difference shall be shown as paid in cash.
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