Bifercation of service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 October 2014 urgent help i want to know how to bifercate 3.09% service tax from 10,000 rs
reply with calculation

Thanks

CA Syed Raza Abbas Rizvi

CA Syed Raza Abbas Rizvi (Expert)
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01 October 2014 service tax rate 12.36%
Abatement etc 75%
Applicable ST Rate 3.09%

Value with ST Rs. 10,000
Service Tax 10,000/103.09*3.09=300
Gross Value 10,000/103.09*100=9700

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MOHAMMAD SALIM

MOHAMMAD SALIM (Expert)
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01 October 2014 Yes the Expert is correct. This treatment is as per Sec 67(2) of the FA, 1994 and applicable where the gross amount charged by a service provider is inclusive of service tax payable.....