Category: Service Tax Transactions

What is Import of service ? As per service tax rules, import of service is any service provided from outside India and received in India….

Reverse Charge is paid by service receiver instead of service provider. With effect from 01-07-2012, some more service categories have been included under Reverse Charge….

To modify tax details in transactions 1.     Click F12: Configure in the voucher. 2.     Set the option Allow modification of tax details for service tax? to Yes….

ABC Company had to pay arrears of ₹ 3,360 towards service tax and ₹ 120 each towards Swachh Bharat cess and krishi kalyan cess. To…

As per Rule 6 sub-rule (1A), all the taxable persons can pay service tax in advance. Service tax paid in advance is allowed to be…

Generally, the service provider will be liable to collect and pay the service tax to the department. However, in certain circumstances, the service receiver will…

To record payment of penalty on Swachh Bharat Cess 1.     Go to Gateway of Tally > Accounting Vouchers > F5: Payment. 2.     Click S: Stat Payment and…

ABC Company had to pay ₹ 800 towards service tax interest. To record interest payment towards Service Tax 1.     Go to Gateway of Tally > Accounting…