Service tax calculation 2011

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Uma Maheswari (Querist)
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20 October 2011 Hi expertise !
kindly explain the calculation of service tax for September 2011.
note:need to pay billed amount or collection amount.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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20 October 2011 Service tax now need to pay on Invoice basis. so not on basis of collection

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Uma Maheswari

Uma Maheswari (Querist)
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20 October 2011 how if invoice raised,but paymnt not received from clients

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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20 October 2011 Previously the service tax taxation point only on receipt of the payment, but now with circular no.18/2011 Dt:1.3.2011 service tax need to pay by invoice basis.

Uma Maheswari

Uma Maheswari (Querist)
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20 October 2011 suppose if payment received from the client is after the TDS deduction , how can it be treated

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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20 October 2011 ST has to be levied on gross amount of the bill and has to be paid accordingly irrespective of TDS or not.

Uma Maheswari

Uma Maheswari (Querist)
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20 October 2011 Thanks . Is there any format for monthly service Tax.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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20 October 2011 What format are you looking for?

Prepare a simple excel sheet giving break up of invoices in gross amount ST, EC & SHEC and pay the tax as due.

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