Service tax on gta
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 August 2014
there is a GTA who raises bil of Rs.100000(Freight) and not charged service tax in his bill because in this case reverse charge mechanism apply.
A is the party who pay freight so he will calculate service tax and pay
My question how to calculate service tax by Party A
OPTION 1
100000*25/100=25000
25000*12.36/100=3090
OPTION 2
100000*25/100=25000
25000*12.36/112.36=2750
A is the party who pay freight so he will calculate service tax and pay
My question how to calculate service tax by Party A
OPTION 1
100000*25/100=25000
25000*12.36/100=3090
OPTION 2
100000*25/100=25000
25000*12.36/112.36=2750
25 August 2014
Option 1 is correct.
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 August 2014
if it mentioned in contract that the rate is inclusive of all taxes then which option is correct
option 1 or 2
option 1 or 2
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