Confused with service tax amount calculation pls help

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Hello all, Please help me out to calculate service tax amount

I am regeisted for service tax

I have to issue two bills ( can not break this bill, complete bill only has to be given )

Bill 1) 5,56,000

Bill 2) 5,88,000

I am confused on how much amount I have to calculate the tax 

is it on entire 5,88,000 or on 1,44,000   (556000+588000-1000000 excemption)

and is it compusalry to show summary of tax on bill 2 , can I write just service tax included somewhere?

pls ans

my mail id is 

praful.praful @ gmail.com

Thanks & regards,

Praful Nanda

 

Replies (2)

Dear Praful Ji

Tax would be on complete amount,the Limit for excemption is 10 lac but because u cannot break the bills you will have to pay ST on 588000 (considering it second bill)

Cheers

Hi,

Considering your situation, you need to charge the service tax only for 1,44,000/- in the second bill.

the recepient of the invoice can claim input only for the paid amount. 


CCI Pro

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