Hi All CA Experts,
This is my first theard to this forum. Would like to know about Service Tax. I have some queries related to service tax. I would be glad if any experts resolve them.
1 ) When service tax is applicable ?
2 ) Which industries are considered for service taxes and what kind of services ?
3 ) What is amount limit from where we start calculating service tax ?
4 ) Can TDS and Service Tax are calculated on same vendor ? Is this can be the case in real time business ? If so can anybody would be able to give me example with amount amount taken as Rs. 100.00.
If both are applicable then which tax can be calculated first ?
5 ) Can anybody tell me basic accounting entry for service tax ?
I would be happy if I get experts guidance over this.
Thank you in advance !
Regards,
Pankaj A Bhalerao.
CAclubindia
