banner_ad

Transaction with foreign Company

This query is : Resolved 
Profile Image

Profile Image

(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?
Profile Image

CA Ravi Kumar Murugesh

Profile Image

CA Ravi Kumar Murugesh (Expert)
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.
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
04 November 2009 Rs.100000/-divided by 110.30 and multiplied by 10.30 will be the service tax to be paid to govt.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


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
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details