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
regards,
Umesh Ayare - 9869803504
Reply mr on email Id - umeshayare@gmail.com
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
Hope you can make the calc easily as above
Message likes :
1 times
18 August 2010
1725267 divided by 110.3 % = 1564159 (net amount &
Service tax 10.3% on the net amt = 161108/-
Service tax 10.3% on the net amt = 161108/-
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
