Dear Members
One of my client is taken work controct , He is caluclate the service tax below
Total work controcter - 275000/-
1 st Instalement payement recived - 1,85,000/-
2 nd instalement payement reiced- 50000/-, another balance amount is vat 9400(501) form,Tds 5500/-,prossing cahrges25100,
He is caluclate the service tax - 185000/110.3%=167724*33.33%=55903*10.3%=5758
50000/110.3%=55150*33.33%=18381*10.3%=1893
In the above caluclation is right or wrong, wrong clarified the above caluclation
please clarified the above doute sir
Thanking you
G.O.REDDY
CAclubindia
