Deepak Singh Bisht (Accounts Executive) (73 Points)
05 February 2016Dear ALL,
Reverse Calculation of Service tax & also wants to know the calculation swachh bharat cess. on Amt. of Assessable value of 67285/-
Gourav
(44)
(70 Points)
Replied 05 February 2016
67285/114.50*14.5 shall be your service tax liability ie inclusive of amount in assessable value
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 08 February 2016
Assessable Value (Inculding S.tax + SBC) =67285
Service Value = 67285/114.5*100 = 58764
Service tax = 58764 *14% =8227
SBC = 58764* 0.50 % =294
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