1. On a Advertisment Bill of Rs.1,10,000/- out of which Rs.1,00,000 is party actual Bill and Rs. 10000 is charged by party towards Service Tax. And i paid him Rs 1,10,0000 on 1st May 2013. Similarily i have collected Consultency Charges of Rs,2,20,000. Out of which Rs.20000 is Service Tax. Then how much amount i should pay to Govt towards Service Tax Head.
2. What is Input Credit form of Servive Tax. Is there any adjustment possible in Input Credit & Service Tax Payable(Output Service Tax or Service Tax collected).
Thanking You
Asit Panda
CAclubindia
