Ajay s (Accounts Officer) (243 Points)
11 December 2010Dear All
Please solve my problem in service tax input credit adjustment
I have service tax liabilty for June Rs.2000, July 5000 ,Aug 3000 ,& Sep 9000
I Have Input Credit on July 1000, Aug 4000 & Sep 2000
How I can set off the liabilty with input credit
please give detailed answer
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 26 December 2010
Month....... ST Liability.......... ST Input......... Net Payable
June..........2000.....................NIL......................2000
July ...........5000.....................1000...................4000
Aug............3000...................4000....................(1000)
Sept ..........9000...................2000...................6000 (1000 of previous month taken in account)
Total Payout ...................................................12000
soni chauhan
(Service)
(670 Points)
Replied 27 December 2010
Yes ,U S sharmais right ....but services payable on Gta should be paid in cash by manufacturer.
Yogesh
(Account Assistant)
(54 Points)
Replied 29 December 2010
plz tell me can we use service tax credit of 10% for payment of Excise Edu cess & S & H Edu Cess
CAclubindia
