Service tax applicaility

Pankaj (SAP FICO Consultant) (82 Points)

23 September 2011  

Hi All CA Experts,

This is my first theard to this forum. Would like to know about Service Tax. I have some queries related to service tax. I would be glad if any experts resolve them.

 1 ) When service tax is applicable  ?

2 ) Which industries are considered for service taxes and what kind of services ?

3 ) What is amount limit from where we start calculating service tax ?

4 ) Can TDS and Service Tax are calculated on same vendor ? Is this can be the case in real time business ? If so can anybody would be able to give me example with amount amount taken as Rs. 100.00.

If both are applicable then which tax can be calculated first ?

5 ) Can anybody tell me basic accounting entry for service tax ?

I would be happy if I get experts guidance over this. 

Thank you in advance !

Regards,

Pankaj A Bhalerao.