Service Tax Expert
780 Points
Posted on 17 November 2014
It should be like this
If the value of Service as Rs.100000/-
Tax on 1st half i.e. 50,000*12.36%= 6180/- should be paid by the SR to the Govt.
Tax on 2nd half i.e. 50000*12.36%=6180 should be paid by the SP to the Govt.
SP will recieve from SR 100000+6180=106180/-
Hope it will help