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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- 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
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
