What is the method to Calculate E.C & SHEC on service tax amount ?
The final amount is Rs.7062. while making e-payment in aces it asks for separate E.C & SHEC .
help me with this ..
sushil kumar
( CA Final-Audit Assistant)
(528 Points)
Replied 05 March 2013
Dear,
Service tax = 7062*12/12.36= 6856
EC= 6856*2%= 137
SHEC= 6856*1%= 69
Aman
(Finance Professional)
(604 Points)
Replied 05 March 2013
the service tax applicable is 12.36% with EC & SHEC..
if total amt is Rs.7062 then the total cess amt will be... (7062*3)/103 = Rs.205.68 out of this EC will be 2/3 of 205.68 i.e, Rs.137.12 & SHEC will be Rs.68.56...ST without Cess will be (7062*100)/103 = RS.6856.31....
hope u understand..if want any clarification then i am here...
Devendra
(Chartered Accountant)
(4775 Points)
Replied 05 March 2013
Hi,
Please refer the file below for the Answer.
Regards,
Devendra Kulkarni
CA CS Akashdeep Singh
(Practicing CA)
(1394 Points)
Replied 05 March 2013
Dear, Service tax = 7062*12/12.36= 6856 EC= 6856*2%= 137 SHEC= 6856*1%= 69
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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