Interested to Buy Any Domain ? << Click Here >> for more details...
CAN WE GET 100% CREDIT OF SERVICE TAX INPUT AMOUNT WHILE
PAYING SERVICE TAX. LIKE SERVICE TAX PAYABLE IS RS. 100 AND
SERVICE TAX INPUT IS RS. 30 FOR THE BILL OF TELEPHONE,
TRAVELLING BILL REPAIR AND MAINT OF CARS ETC. PLS HELP ME
OUT ASAP
- 3 Answers
- 8962 Views
- Chartered Accountant, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / pushkar rawat
As per cenvat credit rules, we can avail the service tax input while payment of service tax liability
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / mumtaj ali ansari
We can take 100% credit same mode & same services.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mohit
NO WE SHOUD NOT GET CREDIT OF SERVICE TAX INPUT WHILE
PAYING SERVICE TAX
| Is This Answer Correct ? | 6 Yes | 8 No |
what is the formula to calculate the VAT , ST,Excise payable to govt
Is VAT & CST should be charged at a time on one purchased item? please give more clearity on this issue?
Is it necessary to file NIL TDS return?
if Advance Tax is diposited by u Rs.200000/- TDS Deposited Rs.100000/- Assesment tax raised by It depart ment Rs.350000/- What will be the Journal entries?
In the case of bank fixed deposits,t.d.s. u/s194A ,is to be deducted whether on the basis of person ,as a person earns 50000 interest on 1 fd or on fixed deposit scheme as 10fds earn 200000 interest?
what is capital good and asset as per excise.
WHAT IS DIFF. IN VAT & SALE TAX?
Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!
Is there any criteria for percentage define of TDS rates? and What is the major advantage of introducing DTC and GST by Central Govt?
What is Rule 52A (Excises Duty)
Pls.tell me some website name who display practical question & answers of accounting work. like tds, service tax entry and some more. also provide important knowledge of all taxes.
If Advance deposited Rs.200000/-, TDS diposited Rs.100000/- & Provision for Income Tax is Rs.250000/- but It department raise the Assessment Tax is Rs.350000/-. What will be the journal entries?
Audit 
