About service tax

Queries 773 views 5 replies

suresh

Articled Assistant

44 Points Joined April 2011

hi,friends i have some doubt regarding service tax. let me tell you that in service tax in some cases it was given that 10.3/110.3 and in some cases it was that 100/110.3 and in some cases it was 10.3/100 please if anybody knows about it, please share this information with me and i will be thankful to them

Replies (5)

ACMA Obulirajan R

M.Com ACMA

1119 Points Joined April 2009

Dear Krishna,

1) 10.30/110.30 formula used to find out only service tax amount part from the total gross value of the service bill

ACMA Obulirajan R

M.Com ACMA

1119 Points Joined April 2009

2) 100/110/30 formula used to find out only taxable service amount from the total gross value of the service bill

ACMA Obulirajan R

M.Com ACMA

1119 Points Joined April 2009

3)10.30/100 formula used to find out only service tax amount part from the taxable service amount

Sumit Grover

Chartered Accountant

3652 Points Joined September 2008

Case I: Bill separately shows service tax

Service amount--- 10,000

Add: service tax @ 10.3%---1,030

Total 11,030

In dis case, we hav charged @ (10.3/100)

Case II: Bill doesnt show separately

Service amount(inclusive of service tax)---11,030

In dis case, we make reverse calculation

Service tax amount---(11,030*10.3/110.3)=1,030

Service amount---(11,030*100/110.3)==10,000

ARUN KUMAR

Financial Consultant

992 Points Joined August 2011

Originally posted by : CA Sumit Grover
	Case I: Bill separately shows service tax Service amount--- 10,000 Add: service tax @ 10.3%---1,030 Total 11,030 In dis case, we hav charged @ (10.3/100) Case II: Bill doesnt show separately Service amount(inclusive of service tax)---11,030 In dis case, we make reverse calculation Service tax amount---(11,03010.3/110.3)=1,030 Service amount---(11,030100/110.3)==10,000