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taxable value of service tax

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(Querist)
19 June 2009 we are paying the service tax on freight

on which amount we have to paid the tax

suppose bill amount is Rs.1000

tax amount= 1000*2.575

or

=(1000/102.575)*2.575


pls advise
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CA.SHAHZAD SAYYED

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CA.SHAHZAD SAYYED (Expert)
19 June 2009 Dear Ramkumar
The amount received by u against Bill raised shall be treated as GROSS Amount i-e including Service Tax, whether u actually recovered the Service tax from customer or not is immaterial, so the second calculation is appropriate i-e

1000/102.575*2.575
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CMA Ankur Pandey

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CMA Ankur Pandey (Expert)
19 June 2009 1000/102.575*2.575
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