calculatiuon of service tax
This query is : Resolved
RAJESH SHUKLA
(Querist)
02 April 2011
kindly let me know the formula of service tax, if service tax amount included in fowwling figures.
Rs. 2112833.21
Rs. 1698782.82
kindly help in this query.
Rs. 2112833.21
Rs. 1698782.82
kindly help in this query.
ANIL JANGID
(Expert)
02 April 2011
please explain what type of service you provide.
03 April 2011
Say Service tax is 10.3%
So value including service tax is (100+10.3)=110.3
In case 1--
2112833.21=Value of 110.3
Service tax is 10.3
=2112833.21/110.3*10.3
=197299.93 (service Tax Amount)
So value including service tax is (100+10.3)=110.3
In case 1--
2112833.21=Value of 110.3
Service tax is 10.3
=2112833.21/110.3*10.3
=197299.93 (service Tax Amount)
RAJESH SHUKLA
(Querist)
04 April 2011
kindly let me know the formula of service tax, if service tax amount included in following figures.
Transportation service
Rs. 2112833.21
Rs. 1698782.82
kindly help in this query.
Transportation service
Rs. 2112833.21
Rs. 1698782.82
kindly help in this query.
05 April 2011
IN TRANSPORTATION SERVICE THERE IS 75% ABATEMENT.
Say Service tax is 10.3%, After 75% abatement rate will be (25% of 10.3)=2.575%
So value including service tax is (100+2.575)=102.575
In case 1--
2112833.21=Value of 102.575
Service tax is 2.575
=2112833.21/102.575*2.575
=53039.68 (service Tax Amount)
Say Service tax is 10.3%, After 75% abatement rate will be (25% of 10.3)=2.575%
So value including service tax is (100+2.575)=102.575
In case 1--
2112833.21=Value of 102.575
Service tax is 2.575
=2112833.21/102.575*2.575
=53039.68 (service Tax Amount)
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