Transaction with foreign Company
This query is : Resolved
Mayank Kumar Agarwal
(Querist)
04 November 2009
Dear Mr. Ravi
If that foreign company is raising a bill of amounting Rs. 1,00,000 then that 1,00,000 will be assumed as including service tax or not inclusive service tax, means what will be the calculation of service tax?
If that foreign company is raising a bill of amounting Rs. 1,00,000 then that 1,00,000 will be assumed as including service tax or not inclusive service tax, means what will be the calculation of service tax?
04 November 2009
Dear Mayank,
Service tax @10.30% should be calculated on billing amount i.e., Rs.1,00,000.
This amount will go to the department from the pocket of service receiver.
Service tax @10.30% should be calculated on billing amount i.e., Rs.1,00,000.
This amount will go to the department from the pocket of service receiver.
04 November 2009
Rs.100000/-divided by 110.30 and multiplied by 10.30 will be the service tax to be paid to govt.
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