Credit of Service Tax
This query is : Resolved
02 August 2008
Dear All,
I m working with a PSU which is service providing Co., we are not segarating Service Tax, E. Cess & Higher E. Cess seperatly .we have openend one account only named as service tax receivable & payable in which includes ST, E. Cess & Higher E. Cess. Can Anybody tell me it is neccessary to bifurcate the amount of ST, E. Cess & Higher E.Cess seperatly for the reason of taking Credit
I m working with a PSU which is service providing Co., we are not segarating Service Tax, E. Cess & Higher E. Cess seperatly .we have openend one account only named as service tax receivable & payable in which includes ST, E. Cess & Higher E. Cess. Can Anybody tell me it is neccessary to bifurcate the amount of ST, E. Cess & Higher E.Cess seperatly for the reason of taking Credit
05 September 2008
As the credit of Education cess available with education cess only ,hence ,better open separate account for Service Tax Payable & Eductaion Cess Payable.
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