banner_ad

HOW TO CALCULATE SERVICE TAX

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 December 2008 HOW TO COMPUTE SERVICE TAX IN WORKS CONTRACTS WHERE THE CONTRACTORS CHARGING VA in composite scheme.

Is the below process is ok?

Say Groos amount 100

Vat 4% 4

Total 104

service tax
33% on 12.36% on 100=4.07

Net amount 112.07
Profile Image

Himanshu Tandon

Profile Image

Himanshu Tandon (Expert)
12 December 2008 Say Gross amount 100

Vat 4% 4

Total 104

service tax
33% on 12.36% on 100=4.07

Net amount 112.07

yes it is fine but if we calculate it under work contract service then

Say Gross amount 100

Vat 4% 4

Total 104
Less VAT as per rule tax is to be calculated on 100

service tax
100 @ 4.12% =4.12
Less Input Service Tax Credit 1

Balance tax liabilty to be paid 3.1
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details