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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
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 Taxation interview questions  Taxation Interview Questions (1897)
 Accounting General interview questions  Accounting General Interview Questions (2805)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
Question
dear sir if i dont know the sell bill amount the. client
give me 88036 amount cheque this cheque already cut tds
2.065% how will the service tax how i calculate this pls
give easy process.
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
THE SERVICE TAX WILL BE CALCULTED AS FOLLOW :
FIRST OF ALL FIND THE SALE BILL INCULDING SERVICE TAX . THE
FORMULA OF FINDING THE SALE BILL =
AMT. OF CHEQUE x100/ 100-RATE OF TDS
i,e 88036*100/97.935 = 89892

THEN FIND THE SERVICE TAX AMOUNT BY APPLYING FORMULA

=AMT. OF SALE BILL *RATE OF SERVICE TAX /100+RATE OF
SERVICE TAX
i,e 89892*10.30/110.30 = 8395
service tax amount = 8395
 
Is This Answer Correct ?    6 Yes 0 No
Gopal Khandelwal
 

 
 
 
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