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Ltd. has paid service tax on full value 1 00 000 12. 36 12 360 Anil Travels Pvt. Ltd. can avail credit upto 4 944 40 of 12 360. Ltd. for October 2014 Particulars Value of services 10 00 000 Less Abatement 60 WN-1 Value of taxable service 6 00 000 Service tax 12. 36 49 440 Less CENVAT credit WN-2 Net service tax liability to be paid in cash 44 496 Working Notes 1 Notification No. 26/2012-ST grants abatement of 60 in respect of services of renting of motorcab. 20-06-2012 exempted the goods...
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What is service tax with common?
Service tax with common is a tax imposed on certain services provided in India.
Who is required to file service tax with common?
Any service provider whose annual revenue exceeds a certain threshold is required to file service tax with common.
How to fill out service tax with common?
Service tax with common can be filed online through the official portal of the tax department.
What is the purpose of service tax with common?
The purpose of service tax with common is to generate revenue for the government by taxing the services provided.
What information must be reported on service tax with common?
Service tax with common requires the service provider to report details of their services provided and revenue earned.
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