Service tax
This query is : Resolved
04 April 2015
if there is service tax liability but in bill service tax component is not mention then how to calculate service tax
suppose bill amount 500000
option 1
ST= 500000*12.36/100 =61800
option 2
ST= 500000/112.36*12.36 = 55000
Please tell which is correct option with proper section
suppose bill amount 500000
option 1
ST= 500000*12.36/100 =61800
option 2
ST= 500000/112.36*12.36 = 55000
Please tell which is correct option with proper section
CA. Kuldeep Singhi
(Expert)
04 April 2015
If it is a case of reverse charge then option 1 is correct but if it is not a reverse charge case then option 2 is correct
04 April 2015
if it is not the case of reverse charge
if it is case of legal service
if it is case of legal service
CA. Kuldeep Singhi
(Expert)
04 April 2015
Then go for option 2
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