How to calculate the Service Tax
This query is : Resolved
25 March 2008
Resepted Sir,
I am working in Private Co. I want to Know how to Caculate Basic Rate & Service Tax
Qty. 296707.76*.37 = 109781.87
2% on Amount = 2195.64
Total = 111978.00
I want to know the what will be bill amount Rate & What will be Service Tax Rate. This total inculded service Tax.
Please help me.
Thanks
I am working in Private Co. I want to Know how to Caculate Basic Rate & Service Tax
Qty. 296707.76*.37 = 109781.87
2% on Amount = 2195.64
Total = 111978.00
I want to know the what will be bill amount Rate & What will be Service Tax Rate. This total inculded service Tax.
Please help me.
Thanks
25 March 2008
amount on which service tax is to be charged= 111978*100/112.36
& then calculate service tax @ 12.36 % on the above derived amount.
& then calculate service tax @ 12.36 % on the above derived amount.
26 March 2008
Thanks JitenderJi for helping out.
Regards
Bhaskar
Regards
Bhaskar
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