Cess on service tax
This query is : Resolved
07 May 2009
Suppose I have a bill with service tax.
Service charge AAA
Service tax @10.30% = BBB
[ Cess has not shown separately in bill].
If I book the bill in the same way and cess not book separately... is there any problem?
Separately booking of cess is mandatory or not?
If I book cess with service tax basic amount but shown service tax basic amount and cess separatly in service tax return then what will be the result?
Service charge AAA
Service tax @10.30% = BBB
[ Cess has not shown separately in bill].
If I book the bill in the same way and cess not book separately... is there any problem?
Separately booking of cess is mandatory or not?
If I book cess with service tax basic amount but shown service tax basic amount and cess separatly in service tax return then what will be the result?
07 May 2009
Ideally you should book the service tax and cess separately even if the service provider has clubbed the same.
07 May 2009
Yes expert is correct
07 May 2009
Also problem would arise at the time of making payment of tax. You have to mention proper accounting head for service tax as well as edu cess & HSEC.
And if you want to CENVAT credit you can utilise credit of E.Cess for payment of E.Cess payable by you only.
So it is always advisable to book these items separately.
And if you want to CENVAT credit you can utilise credit of E.Cess for payment of E.Cess payable by you only.
So it is always advisable to book these items separately.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- Gst Sales of FY 2023-24
- Payable outstanding for years disallowance
- GST Annual Returns filing due date
- Offsetting interest income against derivative trading losses
- SEC 54 OF IT ACT
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
