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Transaction with foreign Company

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(Querist)
05 November 2009 Dear Mr. Warrier

I has received two views of my quary

As u said that 1,00,000 divided by 110.3 & multiplied by 10.3 will be the ST Amount

whereas Mr. ravi told me that 10.3% on 1,00,000 will be the ST Amount

Is there two views on this simple question

Please give me some direction as i m on the audit of a multinational company
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CA Balram Sharma

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CA Balram Sharma (Expert)
05 November 2009 IF THE AMOUNT CHARGE INCLUSIVE OF ST THEN WE TAKE FIRST METHOD,

IF ONLY AV IS GIVE (IN WHICH NO ST INCLUDED) THAN SECOND WILL APPLY

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