service tax

In brief we can say the same accounting treatment of Service tax as like Cenvat for Manufacturer, there is same Input Services as like input goods in excise. Service tax registration is required with in 7 days of service providing, it is payable on received basis, we can deposit service tax through TR-6 Challan, company required monthly and others required quarterly statement in department, half yearly return is to be deposit for service tax. service tax credit can avail on services used as input service for providing outpur service.