Answer Posted / h.r. sreepada bhagi
Service tax is also a levy similar to the Excise (CENVAT) by
the Central Government. Like in CENVAT, Credit entitlement
is available for Service Tax on the Services received. This
credit can be set off against the output service tax and
also against Excise Duty payable as per the provisions of
the relevant Acts.
Here the main difference is CENVAT is applicable on products
and Service Tax is applicable on Services.
For more information refer latest edition of Service tax Act
and Central Excise Act. (CENVAT)
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?
How to calculate rental exemption if HRA is not given seperately and what will be the maximum allowability and under which Section of Income tax
What is the Procedure of Import & Export
if salary paid per month Rs 80000/ I will deduct TDS from his salary, please what I do explain.(send Urgently)
Hi, Is there limit of applicablity of excise payment for any orgnization...?? what is date of excise payment..?? Excise return date & what procedure & how to take benifit availing service tax in excise return..? What form reuire for Excise Return..??
which form no's wiil be used for filing IT,ADVANCE TAX, TDS,VAT,CST,ST,PT,EXICE DUTY,ESI,PF?What is the Due Dates? very urgent
should pranav mukherjee has done things good, by giving burden to vodafone a huge tax liabilty.....it will not affect our fdi???
i have paid P-TAX ( employee ) in EC code & P- TAX ( COMPANY)paid in RC code.how can i solve this poblem?
What is the rate of Excise duty for all goods Is der any Difference in rate of exice duty for Chemicals And Fabric
Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///
what is the full rate of cst/vat of building material ?
what is the difference between vat 100 and vat 120?
Type of form use in sales Tax
what is tax avoiding?
how many sale tax charged on the billing for central dealer by uttar pradesh dealer at furniture items ? & how many sale tax charged for u.p. dealer by up dealer ?