18 April 2015
Sir, i want to how to calculate s.tax under RCM
and who comes under RCM from service receiver side.
RCM S.tax bill eg.( in cab service )
service value .... 40000
s. tax @12.36%on 60%of 50%...... 988
total bill amt. ....40988
is this correct under RCM
we r cab firm
18 April 2015
sir , my calculation is right or wrong ,i am calculating tax on non abated value i.e 60% of value and half the s.tax under RCM means if s.tax 400 then i take 200
19 April 2015
in pvt ltd co we also calculate s.tax on taxable40% and in firm u say also taxable 40% but in firm with abatement tax payable by service provider nil and without abatement tax liability 60%. sir can u solve this query with calculation .
19 April 2015
then bill will be service value...400000 s.tax....nil total....400000 is this correct ? please give me example like above about how to charge s.tax on bill
CAclubindia
