25 March 2008
Rs 25000 receipt will be assumed inclusive of service tax @ 12.36% the amount of service tax to be paid on Rs 25000 amt received for goods transport services will be calculated as- Service tax payable @12.36% on Rs 25000= 25000-(25000/112.36%)i.e Rs 2750. So the service tax payable amount is Rs 2750. Regards Prasad.R