Dear sir/madam,
If any amount is inclusive of service tax.How to calculate.plz explain with examples, and also SBC& KKC Calculation.plz explain on Construction of Resedential Appartments(ABATEMENT) Calculation.
Thanks in advance
Regards,
S.V.P.Raju
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Service tax calculation on residential appartments
Replies (1)
Suppose your income from services is Rs 1000,then the ST included in it is calculated by the formula 1000-100/114x1000=ST. So, here it is Rs123-00.On this Rs123-00 SBC and KKC are to calculated. Say 5% means 123x5/100=Rs6.15 etc........mjk
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