Treatment of ec and shec under 14% service tax

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Accounts Head
37 Points Joined July 2012

Dear Experts

I want to know how to account and pay for EC and SHEC under new ST rate of 14%. Is any back calculation to be done or whole 14% ST is to be paid and accounted as Service Tax (including EC & SHEC). Is there no need for separate accounting codes for GAR7 anymore?

 

Thank you

Rahul Mishra

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On 30 January 2016 at 03:49 Report
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CA - Final
1367 Points Joined September 2009
No need for seperate accounting of cess. In fact there is no cess, entire 14% is service tax levy only
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On 30 January 2016 at 08:53
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Manager-Accounts & GST Consultant
5124 Points Joined July 2014

Yes, there is a flat rate of 14%, no EC & no SHEC.....

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On 30 January 2016 at 10:33


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