paymnet of Service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2010 Sir, please guide on how to calculate service tax as per the details mentioned below Net commission recd Rs-1725267 (incl tds. Rs. 134488)Service Tax 10.30%(for proprietorship(cash-basis)
regards,
Umesh Ayare - 9869803504
Reply mr on email Id - umeshayare@gmail.com

VINOD ARORA

VINOD ARORA (Expert)
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18 August 2010 When you receive amount inclusive of service tax or when client does not pay service tax at all, then s.tax liability is wroked out by dividing amount received(gross of TDS)*10.3/110.3

Hope you can make the calc easily as above

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CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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18 August 2010 1725267 divided by 110.3 % = 1564159 (net amount &
Service tax 10.3% on the net amt = 161108/-

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