Menu
What amount to be calculatatio for service tax?
I am requesting you to please help me to calculate service tax @ 15%.
ex: i was recently appointed as an accountant for an educational instistute. They collect 95000/- fee from student. out of 95000/-, rs.12000/- deduct for library fund. Now my doubt is service tax 15% calculation should i calculate either on 95000/- or 83000/-. Please help me to calculate st
Replies (4)
you have to calculate service tax on Fee less Fund i.e., on 83000/-
Service tax to be calculated on 83000.
Service tax should be charged on the whole amount i e 95,000. Because the whole consideration received is for the service rendered
THANK YOU VERY MUCH SIR
Recent Threads
- Poll: Do you spend >30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
- Capital Gain and Basic Exemption Limit
- Loan to wife and interest income husband income or
- AOC-4 is not being filed
- Returning the shares gifted by daughter?
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
Related Threads
CAclubindia
