Bifercation of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 October 2014
urgent help i want to know how to bifercate 3.09% service tax from 10,000 rs
reply with calculation
Thanks
reply with calculation
Thanks
01 October 2014
service tax rate 12.36%
Abatement etc 75%
Applicable ST Rate 3.09%
Value with ST Rs. 10,000
Service Tax 10,000/103.09*3.09=300
Gross Value 10,000/103.09*100=9700
Abatement etc 75%
Applicable ST Rate 3.09%
Value with ST Rs. 10,000
Service Tax 10,000/103.09*3.09=300
Gross Value 10,000/103.09*100=9700
Message likes :
1 times
01 October 2014
Yes the Expert is correct. This treatment is as per Sec 67(2) of the FA, 1994 and applicable where the gross amount charged by a service provider is inclusive of service tax payable.....
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