A individual security service provider previously raised bill to a company for providing cleaning staff is hereunder-
Bill- Rs. 1,00,000
ST @ 12.36- Rs. 12,360
____________________
Total- Rs. 112,360
Now he is providing as follows-
Bill- Rs. 1,00,000
ST @ 12.36- Rs. 3090 (i.e. 25% of Rs. 12,360)
____________________
Total- Rs. 103,090
Please confirm me whether the the present calculation right as per security service provider and what will be the basis of calculation of this 25% of ST.
Advance Thanks to you all.
CAclubindia
