18 August 2010
Sir, please guide on how to calculate service tax as per the details mentioned below Net commission recd Rs-1725267 (incl tds. Rs. 134488)Service Tax 10.30%(for proprietorship(cash-basis) regards, Umesh Ayare - 9869803504 Reply mr on email Id - umeshayare@gmail.com
18 August 2010
When you receive amount inclusive of service tax or when client does not pay service tax at all, then s.tax liability is wroked out by dividing amount received(gross of TDS)*10.3/110.3
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