If any bill amount is inclusive of service Tax? How to calculate?

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If any bill amount is inclusive of service Tax? How to
calculate?

Question Posted / dravi2505

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If any bill amount is inclusive of service Tax? How to calculate?..

Answer / sandhya b

If the bill Amount is 10,000/- and service tax is 12.36%

so Net bill Amt is 8,900 which :- 10000/1.1236= 8900
Service Tax :- 10000-8900= 1100

Is This Answer Correct ?

203 Yes

47 No

If any bill amount is inclusive of service Tax? How to calculate?..

Answer / sachin sharma

service tax is charges as (see below)

amount accrued for service provided: 100000
servcie tax tereon is : 100000*12.36/100 = 12360

in case the amount of servcie provided is inclusive in amount received then calculation of service tax is:
100000*100/112.36 = 88999.64
this mean the value of services provide is 88999.65
and the service tax is 100000-88999.65 = 11000.35.

Reply from:
Sachin CS(Company Secretary)
Karnal (Haryana)

Is This Answer Correct ?

76 Yes

15 No

If any bill amount is inclusive of service Tax? How to calculate?..

Answer / abhivirthi tax and industrial

If the Bill amount is inclusive of any tax, calculation of net amount may be arrived by applying the following formula.

1. Total Bill amount divided by 100+Tax Rate and multiplied by 100.
2. Total Bill amount multiplied by 100 and divided by 100+Tax rate
Bill amount x 100
----------------- = Net Amount
100+Tax Rate

Reply from:

ABHIVIRTHI Tax and Industrial Consultancy
R.R.JAGADEESAN
VAT Practitioner and Industrial Consultant
H-63, Palaami Enclave
New Natham Road,
Madurai-625014
Cell: 9994990599,

Is This Answer Correct ?

47 Yes

13 No

If any bill amount is inclusive of service Tax? How to calculate?..

Answer / mohit

NOW CURRENT RATE OF SERVICE TAX IS 12.36%.

IF BILL AMOUNT:- 10000/-
10000*12.36/112.36 =1100
SO SERVICE TAX AMOUNT RS, 11,000/-
ACTUAL BILL AMOUNT 8,900/-

Is This Answer Correct ?

73 Yes

42 No

If any bill amount is inclusive of service Tax? How to calculate?..

Answer / babu

easy method..
100000/1.1236=88999.64

100000-88999.64=11000.36 ST 12.36%

Is This Answer Correct ?

30 Yes

8 No

If any bill amount is inclusive of service Tax? How to calculate?..

Answer / amulya kumar nayak

If total amount rs 682 inclusive of service rates-14.5 % .
Then it basic amount calculation would be
100/114.5 * 682 =595.63.

Is This Answer Correct ?

20 Yes

5 No

If any bill amount is inclusive of service Tax? How to calculate?..

Answer / sriram

Now Current Rate of Service Tax is 12.36%

For Example:

=10000*12.36/100
=1236

Is This Answer Correct ?

29 Yes

15 No

If any bill amount is inclusive of service Tax? How to calculate?..

Answer / madhu baghel

Include amount 100000 service tax rate 14.5%
100/114.5*100000=87336.24
Actual bill amount 87336.24
Service tax =12663.76

Is This Answer Correct ?

9 Yes

4 No

If any bill amount is inclusive of service Tax? How to calculate?..

Answer / jiju

if bill amount id 1000 inclusive 5%

amount calculation 1000 x 100/105 = 952.38
and 1000-952.38 = 47.62 (tax amount)

so 952.38+47.62 = 1000/-

Is This Answer Correct ?

5 Yes

1 No

If any bill amount is inclusive of service Tax? How to calculate?..

Answer / gopesh parihar

Suppose
1. WIth tax total amount is = 545
2. tax percentage is = 9 %
formula = total amount*tax_percentage/100+tax_percentage
545*9/109=45
3. 545-45=500
4. Actual price is 500
5. Tax price is 45

Is This Answer Correct ?

0 Yes

0 No

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