Set off on service tax laibility

This query is : Resolved

swapnil (Querist)
Follow

25 April 2014 Hello Everyone,

How we can take a credit of service tax paid on service used in Busniess agaisnt Liability of service Tax ??

our Business is Trading, services & commission

Currenly i follow below process whether is it correct ? if no then pls guide me.

We raised local sales, service sales & Commission invoice in every month. now we have to pay ST on service sales invoice.

but we also pay a service tax on office rent, telephone bill, courier chages, air ticket booking etc

for Example :- my sales for the month of April :- local :- Rs 20,000/- service sales Is Rs 30,000/- & commission sales Is :-Rs 50000/-

My ST liability is Rs 3700/-
I paid a ST on services Is RS 10,000/-(on above mention services )

so I Distribute Rs 10000 on my sales ration ie 2:8.

so i claim service tax set off of Rs 8000/ against my liability Of Rs 3700/- & balance carride forwards for next month liability.

whether is this process is correct ??

pleas guide me ??

thanks

Swapnil
9004075010

KUMAR trp707@gmail.com

KUMAR trp707@gmail.com (Expert)
Follow

26 April 2014 YES U CAN AVAIL CEN VAT CREDIT ON PAYABLE ON RENT + PHONE BILLS + AIR TICKET +COURIER CHARGES ANY OTHER SERVICE TAX PAID U CAN AVAIL S TAX AND WRITE CENVAT CREDIT LEDGER AND ALL ORIGINAL BILL PRESERVE 6 YEAR.
AND ADJUSTED UR S TAX AMOUNT.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

rajkumar yadav

K.S. ANANTHARAJAN

CA. Urmila Mahalwal

Ravikumar

prashant

Subscribe Now

Set off on service tax laibility

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA