15 March 2014
hello everyone. I have one doubt regarding how to calculate the value of taxable service if gross amt charged by service provider is rs. 4000 and rate is 12.36%. I want to knw the value of taxable service and service tax separately.
15 March 2014
If service provider has billed Rs. 4000/- ,Gross value would be calculated by reverse method ( 4000*12.36/112.36) However it is mentioned to noted that service tax must be shown separately in invoice as per service tax rules
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