Service tax
This query is : Resolved
05 December 2013
in the service Tax when we come to know abt services tax include & when exclude in service..
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-
Service Tax = P x 12.36/112.36
.
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-
Service Tax = P x 12.36/112.36
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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