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.



dear sir if i dont know the sell bill amount the. client give me 88036 amount cheque this cheque al..

Answer / gopal khandelwal

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

Post New Answer

More Taxation Interview Questions

Can anybody give the rates of TDS for daily purchased things like food,metal,wine,electrical item,civil items etc.

1 Answers  


i am working in a construction company. my question is can we claim VAT paid on items like (i. e . Vat paid on stationery, purchase of printer catridge etc exp for official use. indirect exp.) ?

4 Answers  


what rate is entry tax is it same for all states

1 Answers  


if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?

2 Answers  


WHAT IS MEANT BY CST? DO THE SUPPLIER CLAIM CST 2% FROM THE PURCHASER? WHAT ARE ALL THE RULES TO BE FOLLOW WHILE THE BUYER PURCHASE A 'C'FORM FROM THE CTO?

0 Answers  






How is income tax calculated?

0 Answers  


which is the payment date & return fileing dates of PF, PT,ESI,TDS,Service TAx and IT in Karnataka

2 Answers   Hatti Kaapi,


What is the rate of Excise duty for all goods Is der any Difference in rate of exice duty for Chemicals And Fabric

0 Answers  


which items should be covered the Entry Tax by HP Govt instead of Purchased

0 Answers  


What is entry tax

14 Answers  


how to calculate tds on professional fees, salary and services

4 Answers  


Sir, My company was formed in the Financial Year 2007-08 and during the year there is primary work i.e. instalation and sitattion work carried on. Now, the Company has started the Production activity form the Financial Year 2008-09 i.e. 14/04/2008. The question is that if the company is entitled to get the Addition depreciation U/s. 32?

1 Answers   Datamatics,


Categories