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
VINOD ARORA
(Expert)
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
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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/-
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