varad mudliyar (proprietor) (68 Points)
21 December 2015Dear Friends Good Morning.
Hope you are fine & refreshed after nice weekend.
As date for payment of third quarter Service tax is approching , there is no information for Swacch Bharat code and how to calculate final ST. (Some invoice are with 14 % ST and After 1st nov. some are with 14.5 %.
How to calculate Net payble amount ? Is there any step by Step tutorial available ?
Thank You
Warm Regards
kiran
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 21 December 2015
DEAR JOSHI SIR,
AS YOU MAY KNOW THAT THE CESS OF SWACHH BHARAT WAS EFFECTED ON DATE 15 NOVEMBER 2015 . SO YOU CAN CALCULATE SERVICE TAX LIABILITY UP TO 14 NOVEMBER 2015 @ 14 % AND AFTER 14 NOVEMBER 2015 SERVICE TAX 14% PLUS SWACHH BHARAT CESS 0.50%
IF YOU HAVE CHARGE 14 % AFTER 14 NOVEMBER 2015 THAT ALTHOUGH YOU SHOULD CALCULATE YOUR LIABILTY SERVICE TAX 14% PLUS SWACHH BHARAT CESS 0.50%
AND 0.50 % AMOUNT (SWACHH BHARAT CESS) IS YOUR EXPENSES
THANKS
varad mudliyar
(proprietor)
(68 Points)
Replied 21 December 2015
Hi Tanush Good Evening.
Thank you so much for elaborate explanation. Your post has clarified all my queries.
Warm Regards
kiran
varad mudliyar
(proprietor)
(68 Points)
Replied 28 December 2015
Hi Tanush
Will I be needed to make ST payment twice ? ( first @ 14 % and then by selecting SWACHH cess 0.5 % )
I tried to simulate it by logging to my account . I have attached all snapshotsIn my case --- ST @ 14 % is -- Rs.10,500 and ST with SWACHH cess is Rs.36126.25 total ST -46626.25 . Can you pls. give stepwise process ?
Thank you
Warm Regards
kiran
CAclubindia
