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consider value for service tax calculation

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 February 2010 hi........
i am confuse to determined for net value for service tax amount.detail with example

Amount Due. 1000/-
Ser. tax@10.3% 103/-
Total Amount- 1103/-
Deduct TDS @10% 110.3/-
Received Amount 992.7/-

Now tell me is service tax calculate on total amount or received amount?

Plz as soon as possible
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Sohil Ganeriwala

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Sohil Ganeriwala (Expert)
24 February 2010 Service Tax is always calculated on the invoice value and not on the deducted value.
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 February 2010 Thank you sir ,
But as per rule service tax is payable when amount is received
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
24 February 2010 Rs.103 only to be treated as received.TDS deducted also to be treated as receipt

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