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Service tax

Gurudas (Start-up) (36 Points)

15 March 2017

I charge a customer certain amount of service Tax say 14,500 Rupees. Now Do I need to pay all of this to the Government or Can I adjust that against that Service Tax I have paid to my suppliers against the supplies and services I have obtained from them?

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4 Replies

Ramesh (Student) (90 Points)
Replied 15 March 2017

You can adjust input service tax against output service tax...rest of the liabilty should be deposited to government.

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manoj (student) (5205 Points)
Replied 15 March 2017

AGREE WITH RAMESH

Gurudas (Start-up) (36 Points)
Replied 15 March 2017

OK and Does the same thing apply with Maharashtra VAT ??

Like VAT Payable = VAT Charged to Customers - VAT charged by my suppliers

Jatin Bajaj (CS) (2930 Points)
Replied 16 March 2017

Normally, agenda , or notes to agenda shall be signed by Company Secretary or if there is no Company Secretary , then by passing Board resolution authorize any of the Director or authorised signatory to sign the agenda on behalf of company. But if the Company is having Company Secretary , then such complianc shll be done by Company Secretary only