Sir If i receive commission on IPO for which i can't issue any Invoice. then how can calculate service tax on it. is it inclusive or exclusive. for example if i receive commission of Rs 9553.74 and TDS on the same is 955.37. then what is the service tax Amount on it. is ti 1385.29, or 1209.86
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Service tax inclusive or exclusive
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In case you are not collecting service tax extra then you can calculate service tax on inclusive basis i.e. consideratin * 14/114. Further, ST needs to be calculated even on tds amount as it is also received towards service provided. Hope i'm clear.
Regards,
Ravi Kumar Somani
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