Service tax reverse mechanise calculation

This query is : Resolved

Pravin (Querist)
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09 May 2013 Sir,
I want to know how service tax to be reversely calculated on following example, sales invoice service tax rate is 12.36%.
Total of Service Tax-Rs.94578-00
Accting code-00440072 - Rs.91824-00
Accting code-00440298 - Rs. 1836-00
Accting code-00440426 - Rs. 918-00

Please explain me above calculation, if there is any formula.
Thanks,
Pravin.

CMA KRISHNA GUPTA

CMA KRISHNA GUPTA (Expert)
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09 May 2013 For ST 94578*12/12.36 = 91823.3 (A)
For Education cess 2% on (A)
For Seconderay & Higher Education Cess 1% on (A)

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Pravin

Pravin (Querist)
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10 May 2013 Sir,
I want service tax reverse calculation of Rs.273904-00 on sales - following example:-
Accting Code : 00440410-Rs.265926
Accting Code : 00440298-Rs. 5319
Accting Code : 00440426-Rs. 2659

The above amount calculated on two separate service tax rate i.e.Rs.67501-00 on 3.71% and Rs.206403-00 on 7.42%.
Please explain me above calculation with any formula.
Thanks,
Pravin.

CMA KRISHNA GUPTA

CMA KRISHNA GUPTA (Expert)
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10 May 2013
(I) Actually its not 3.71% it is 3.708% (12.36*30%)
Now 67501 * 3/3.708 = 54612 (A)
EC 2% on (A) = 1092
SHE 1% on (A) = 546

(II)
Its also not 7.42% it is 7.416% (12.36*60%)
ST 12%*60% = 7.2%
Now 206403 * 7.2/7.416 = 200391 (B)
EC 2% on (B) = 4008
SHE 1% on (B) = 2004

Pravin

Pravin (Querist)
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10 May 2013 Sir,
I have received the reply of above query about reverse calculation of service tax and thanks for the same, but I think their is mistake in Part(I)Reverse calculation to be required Rs.67501=00 but if you calculate it comes Rs.56250-00 (i.e.54612+1092+546).The calculation part (II)is correct.
Thanks,
Pravin.

CMA KRISHNA GUPTA

CMA KRISHNA GUPTA (Expert)
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10 May 2013 Yes your correct,

In part - I take 3.6% (ie 12%*30%) instead of 3%
Now
67501*3.6/3.708 = 65535/- (A)
EC @ 2% on (A) = 1310
SHE @ 1% on (A)= 656

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