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TMI BlogService TaxX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear sir, We have paid service tax ₹ 233107/- break up is Scientific Technical Consultancy 140907/- Scientific Technical Consultancy 87973/- Primary Educaiton Cess 2818/- Secondary higher education cess 1409/- for below value Fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r F.Y. 2013-2014 Rs.2285625 For F.Y. 2014-2015 Rs.2238425 Kindly give us breakup of % of Service Tax as per challan paid because Service tax people scrutinise our details since we were not in Service tax for above year Best Regards, Chandrakant - Reply By Ganeshan Kalyani - The Reply = You have paid the tax on what basis. I hope you would calculated on the basic amount and therefo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re you should have the bifurcation. - Reply By KASTURI SETHI - The Reply = As mentioned by you, you were not in Service Tax during the period 2013-14 14-15 and it appears that you have not collected Service Tax from your service receiver. You are also entitled to threshold exemption limit of Rs.ten lakhs for the year 2013-14. In case you have not recovered Service Tax from the service receiver, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... you are also entitled to cum-tax benefit under Section 67 (2) of the Finance Act. After the benefit of threshold exemption limit of ₹ 10 lakhs, taxable value works out to ₹ 12,85,625/- (without cum-tax benefit) for 2013-14 for which Service Tax works out to ₹ 1,54,275/- whereas you have deposited ST of ₹ 1,40,907/-. For the year 2014-15 you are not entitled to the bene ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fit of ₹ 10 lakhs again, so payable Service Tax works out to ₹ 2,68,861/- on taxable value of ₹ 22,38,425/-(without cum-tax benefit). Since Service Tax paid by you is incorrect, so Education Cesses paid by you are also incorrect. Education cesses have to be calculated on the correct amount of Service Tax to be paid. During 2013-14 percentage of Service Tax paid works out to 10 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .96% calculated after allowing threshold exemption limit and during 2014-15 it works out to 3.93%. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Dear Kasthuri Sir you have given a fantastic calculation for the querist. - Reply By Ganeshan Kalyani - The Reply = Yes I agree. Kasturi Sir's reply is to the point and in lucid language. Thanks. - Reply By KASTURI SETHI - The Reply = Sh.Mariappa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Govindarajan Ji and Sh.Ganeshan Kalyani Ji, I am really thankful to both of you, Sirs. - Service Tax - Query Started By: - Chandrakant Bhalerao Dated:- 4-1-2016 Service Tax - Got 5 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - Ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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