banner_ad

service tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 June 2016 How to calculate service tax on works contract if inclusive tax of 14% in gross amount charge of rs100000 with 30% abatement
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
24 June 2016 Rs. 100000/114X100=87719
14% tax on Rs. 87719
Profile Image

CA Chandresh Jain

Profile Image

CA Chandresh Jain (Querist)
24 June 2016 why 30% abatement not consider
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
24 June 2016 its net amount given by you . if you want to calculate gross amount of service than
87719/70x100= 125313
Profile Image

CA Chandresh Jain

Profile Image

CA Chandresh Jain (Querist)
24 June 2016 so if gross amount rs 100000 then what will service tax .30% abatement available
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
24 June 2016 its 100000-30%=70000 X 14% =9800
Profile Image

CA Chandresh Jain

Profile Image

CA Chandresh Jain (Querist)
24 June 2016 inclusive of 14% is 70000/114
Profile Image

CA Chandresh Jain

Profile Image

CA Chandresh Jain (Querist)
24 June 2016 61403*14% =8596 is correct?
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
24 June 2016 yes its correct.........................................................
Profile Image

G.L. DASH

Profile Image

G.L. DASH (Expert)
25 June 2016 If total amount received by you is Rs100000 than amount of taxable service is Rs 91074 and tax on such amount will be Rs 8925 (91074x14%x70%)
Total received rs 100000(91074+8925)
Profile Image

G.L. DASH

Profile Image

G.L. DASH (Expert)
25 June 2016 Or if your value of service is Rs 100000 than there will be normal working i.e.
100000
+9800 (100000x14%x70%)
Total 109800
Since amount is inclusive od service tax and abatement your value of service will be 91074 tax on such will be 8925
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details