Dear All
Please solve my problem in service tax input credit adjustment
I have service tax liabilty for June Rs.2000, July 5000 ,Aug 3000 ,& Sep 9000
I Have Input Credit on July 1000, Aug 4000 & Sep 2000
How I can set off the liabilty with input credit
please give detailed answer
Month....... ST Liability.......... ST Input......... Net Payable
June..........2000.....................NIL......................2000
July ...........5000.....................1000...................4000
Aug............3000...................4000....................(1000)
Sept ..........9000...................2000...................6000 (1000 of previous month taken in account)
Total Payout ...................................................12000
Yes ,U S sharmais right ....but services payable on Gta should be paid in cash by manufacturer.
plz tell me can we use service tax credit of 10% for payment of Excise Edu cess & S & H Edu Cess
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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