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Transaction with foreign Company

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(Querist)
04 November 2009 Dear Mr. Ravi

If that foreign company is raising a bill of amounting Rs. 1,00,000 then that 1,00,000 will be assumed as including service tax or not inclusive service tax, means what will be the calculation of service tax?
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CA Ravi Kumar Murugesh

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CA Ravi Kumar Murugesh (Expert)
04 November 2009 Dear Mayank,

Service tax @10.30% should be calculated on billing amount i.e., Rs.1,00,000.

This amount will go to the department from the pocket of service receiver.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
04 November 2009 Rs.100000/-divided by 110.30 and multiplied by 10.30 will be the service tax to be paid to govt.
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