Sevice tax
Querist : Anonymous
wht is cenvat credit in service tax
how it claculate?
give me1 example
The amount of service tax which one has paid on its business expenses.
For e.g. Mr. X paid the bill of a Chartered Accountants, which contain a Chartered accountants fees of Rs. 100 and Service tax of rs. 12.36. Hence , the total payment made is Rs. 112.36 to the chartered accountant.
In this case, as Mr. X has already paid Service tax of Rs. 12.36 on its expenses, the same amount of Rs. 12.36 can be claimed as CENVAT Credit, which can be adjusted against the Service tax liability on taxable services provided by Mr. X.
Hope the above will solve your query.
Querist : Anonymous
Querist : Anonymous
my company registered in service tax,we are maintaining web design service to govt how do i generate bill can i add service tax or not pls let me know urgent
thanks
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