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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4370)
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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Is t.d.s deducted on Freight including Service Tax ? ABC 8
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The nature of taxation ABC 5
What is the different types of rates of TDS for different Catogaries of services.   2
what is the deffnation of stt ? and how many rate of stt? ICAI 2
What is the Difference between VAT and Sales Tax ?   2
 
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