Payment of Service Tax

You have to deposit service tax of Rs. 149318/- (Less) any service tax input credit taken. service tax is to be deposite on basic value not on received amount.

Whatever vivek said is absolutely right. You have to deposit service tax of Rs. 149318/- (Less) any service tax paid on input services (which is called as CENVAT Credit). Service tax is to be deposited on invoice value on the receipt basis. However, if the short amount received and the shortfall is on account of other than TDS, then the service tax is to calculated by following formula :

= Amount Received/ 110.30 X 10.30

The resultant amount is to be paid to the government after set off of CENVAT credit 

No Mr. Manoj B Gavali your formula is wrong.......

it is =(Net amout Received /100-TDSx100)x10.3%

No Mr. Manoj B Gavali your formula is wrong.......

it is =[Net amout Received /100-Rate of TDS)x100]/100+10.3x100

Thanks Vivek,

Is the below calculation correct.

1417838 / 88.67 x 100 = 15,99,005/- x 10.3% = 1,64,697/-.  But I have charged the client Rs.1,49,318/-. Why should we pay more ST.

Sroy its is some mistake..

No Mr. Manoj B Gavali your formula is wrong.......

YOU SHOULD DEPOSITE SERVICE TAX RS. 149318 BUT IF U HAVE PAID SERVICE TAX ON INPUT SERVICE THAN U TAKE CENVAT CREDIT OF SERVICE TAX ON INPUT SERVICES. IF U HAVE NOT PAID SEVICE TAX ON INPUT SERVICES THAN U HAVE TO PAID SERVICE TAX RS. 149318 ON RECEIPTS BASIS

you will have to deposit whole of the service tax because tds is a deduction from account it will be treated as a receipt

Dear you should pay Service Tax  Rs. 1,49,318/- that you have collected on your net Rent value. If you have paid input service tax then you can take credit against your service tax collection of Rs. 149318/-, otherwise you must pay Rs. 149318/-.