how to compute service tax?
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Answer / parveen kumar
suppose Mr. x is an employer in gupta pvt com. he is provide a air cell service in India. he is earn income on 300000.so that tax is collected from x employer.
Tax Rate = gross amount charge*Rate of Tax
----------------------------------
(100+Rate of tax)
Tax Rate = 300000*10.3
-------------- = 28014.00
110.3
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / venkatesh
service tax based on particular work
example
in case Mr A company sold particular goods to Mr b company,
sale of goods worth rs 100000
(service tax calculation on bases of )
100000*12.36=12360
100000+12360=112360
net value= 100000
service tax(12.36)= 12360
grand total = 112360
now Mr A should pay rs 12360 amount ,to service tax
department through bank
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