Restaurent services
This query is : Resolved
09 January 2014
Dear sir,
A restaurent(air-conditional)
providing taxable services
food & beverages services- Rs. 1000
Services charge 10% on 1000= Rs 100
Vat 14%(as per state)-
services tax - 12.36%
Can i calculate the services tax as under
Gorss services = 1100
VAT = 1100*14% =154
services tax = 1100*4.944% =54.38
total bill values = 1308.38
Is it correct? or not if not kindly solve the problem?
A restaurent(air-conditional)
providing taxable services
food & beverages services- Rs. 1000
Services charge 10% on 1000= Rs 100
Vat 14%(as per state)-
services tax - 12.36%
Can i calculate the services tax as under
Gorss services = 1100
VAT = 1100*14% =154
services tax = 1100*4.944% =54.38
total bill values = 1308.38
Is it correct? or not if not kindly solve the problem?
10 January 2014
Yes it is correct....mjk
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
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Section 50-fixed asset-->building ceases to exist
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Gift Received from nonblood relative
- Putting a heading on received mail
- Consolidated financials
- Reprocessing of rectification order AY 2025-26
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
