05 December 2013
It is prima facie known from the Invoice of taxable Service. . Suppose you are a service provider. . You receive a total payment of Rs P. It is inclusive of service tax. . The amount of service tax included in the above can be found by applying the formula-
05 December 2013
Yes if pament recd inclusive of service tax then service tax is assume amt recd 500 then service tax = 500/112.36*12.36= 55 and service value is 445 I.e 445*12.36=55
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