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How much service tax paid

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Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2015 i have provide a service on 29th jan 2015 and issue invoice on 30th jan 2015 but service tax @ 12% only instead of 12.36% .

service value 1,00,000
service tax 12,000
Total 1,12,000

then how much we have to deposit service tax on or before 6th feb.
Thanks in advance please reply this question.

Harshal Fifadra

Harshal Fifadra (Expert)

17 February 2015 In any case service tax needs to be deposited at 12.36%. For 0.36% , a debit note should be raised for the amount of Rs. 360/- on the customer.

CA Tarun Jagdish

CA Tarun Jagdish (Expert)

17 February 2015 You can consider 112000 as 112.36%. as per the valuation rules gross amount charged should be inclusive of service tax. So 112000/112.36% will be the bill amount excluding service tax

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