caculation

1004 views 1 replies

can any one help me

when service tax rate was 12.36%, we can caculate amount before service tax at 89% rate i,e

Admission fee including service tax is 10000

so admission fee before service tax is,      100000*89/100=8900

so i want to know what is new rate as above when tax  rate is 10.3%

Replies (1)

THE NEW RATE WILL BE 90.67%( APPROX.).

AS PER NEW RATE FEE BEFORE ST=100000*90.665%=90665

AND ST =90665*10.3%=9335

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