Taxes
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 December 2014
Please briefly explain reverse calculation of Service tax
CA R SEETHARAMAN
(Expert)
22 December 2014
On Commission We Need To Pay 12.36% If I Get A Commission Of 2154 Which Is Including 12.36% How Do I Calculate?
If commission is inclusive of tax, you can get the tax amount by using the following formula: 2154* 12.36/112.36 = Rs. 237 /-
If commission is inclusive of tax, you can get the tax amount by using the following formula: 2154* 12.36/112.36 = Rs. 237 /-
CA Kumar Mukesh
(Expert)
22 December 2014
Reverse Charges Mechanism means service receiver is also responsible for payment of service tax directly to Government of certain services.
For better understanding you can read notification no 30/2012 dated 20th June, 2012 Service Tax
For better understanding you can read notification no 30/2012 dated 20th June, 2012 Service Tax
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