we have paid service tax on rent rs. 750 and collecting service tax on entertainment rs. 5000
so Can I adjust and take input credit from service tax on rent amount ? and can I enough to pay rs, 4250 after adjusted between two category of service tax amount?
20 March 2016
Dear You can adjust 750 against 5000. But you can not take credit of swach Bharat cess. SBC need to be paid in cash I.e without taking credit.
CAclubindia
