What should be the service tax rate?

Debarshi Bhattacharjee (partner) (25 Points)

14 March 2012  

Hello friends , 

I have billed my client 10.3% of service tax on the gross billing amount.. 

Example:

News paper release Package          :  1,50,000.00

our designing charges :                            25,000.00

 

sub total-                                                   1,75,000.00 

Service tax:                                                   18,025.00

Total:                                                          1,93,025.00

 

IS THIS BILLING IS WRIGHT , OR WE HAVE TO CHARGE THE SERVICE TAX ONLY ON OUR COMMISION FROM NEWS PAPER AND THE DESIGNING CHARGES .

PLEASE HELP US OUT ......