Service tax calculation

There is no specific formula for calculation Service tax.  Every one has maintained their own style.  But your doubt has concerned, If you maintained your service tax account in receipt basis, you can calculate the tax when you received the payment not at the time of bill is rais.

Thank u very much your valuable reply, one more thing in my question how much service tax amount i want to pay when i received 700/-

Thanking you

There is no specific formula for calulating of S.Tax and TDS. In this case you have to pay the sevice tax on the amount realised by you. e.g. service tax = (700*12.36/112.36)=77.       Amount after S.Tax =(700*100/112.36)=623. e.g.(700-77).

TDS should be deducted on the amount after deducting service tax. Because the service tax is not the income of the assessee.

I agree with Mr. Uday

Can service tax liability be discharged on accrual basis ? Will this not be treated as advance service tax paid ...?

Dear  sir if a Laboor supplier is paid  Rs 11,00,000 by a company for labour job and the wages paid to the Labour  by him is  Rs 3,50000 in a year . what will be the service tax liability for the Labour supplier . please explain how.

Service tax should be paid on Rs.11,00,000/- as ST should be paid on the Gross amount received from the customer.

Dear Sir,

Whether service tax is calculated monthly, quarterly or yearly?

It depends.  Propriotor concern and Partnership firms should pay every quarter.  Private Ltd., and Ltd., companies every month.

Hello Sir,

Could u tell me that for labour supplier service tax is payble at only on the receipt amount,

what i mean that if billing amount is suppose 1000rs including service tax then we recieve 977.34 rs after deduction of 2.266% TDS then what service tax is payed on which amount.

Service Tax should be paid on Rs.1,000/- i.e. including the amount deducted as TDS.

hi

i want to know when my company receive commission  by company but that company also paid service tax. so  i  submit service tax. plz ans me by example.

hi

i want to know when my company receive commission  by company but that company also paid service tax. so  i  submit service tax. plz ans me by example.

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