calculatiuon of service tax

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RAJESH SHUKLA (Querist)
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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.

ANIL JANGID

ANIL JANGID (Expert)
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02 April 2011 please explain what type of service you provide.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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)

RAJESH SHUKLA

RAJESH SHUKLA (Querist)
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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.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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)

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