Restaurent services
This query is : Resolved
09 January 2014
Dear sir,
A restaurent(air-conditional)
providing taxable services
food & beverages services- Rs. 1000
Services charge 10% on 1000= Rs 100
Vat 14%(as per state)-
services tax - 12.36%
Can i calculate the services tax as under
Gorss services = 1100
VAT = 1100*14% =154
services tax = 1100*4.944% =54.38
total bill values = 1308.38
Is it correct? or not if not kindly solve the problem?
A restaurent(air-conditional)
providing taxable services
food & beverages services- Rs. 1000
Services charge 10% on 1000= Rs 100
Vat 14%(as per state)-
services tax - 12.36%
Can i calculate the services tax as under
Gorss services = 1100
VAT = 1100*14% =154
services tax = 1100*4.944% =54.38
total bill values = 1308.38
Is it correct? or not if not kindly solve the problem?
10 January 2014
Yes it is correct....mjk
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