I am receing Rs 60,000/- per month lump sum as constuancy. What will be my ST liability i.e. 60,000*12.36% =7416 or 53,400*12.36%=6600 (i.e reverse calculation).
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Sir,
As you didnt collect ST seperatly than it will be assumed that payment recieved will include ST. you can you 2nd calculation to calculate ST.
60000/112.36*12.36=6600
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