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what is serviuce tax,how to calculate service tax?
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Answer Posted / harsh vardhan
applicable on Whom service which is recomed by Indian
govement under the rule of service Tax, Every business who
is cover in those service it is lible to pay service tax
directly or indirectly. culation of service tax is teqnical
issue . we take easy to count like.
If expenses
Bill amount 1000
S.Tax 100
E.cess 03
if income , Including profit
Bill amount 1500
S.Tax 150
E.cess 4.5
as on above , Service tax libilities
Service tax head ( 150-100 ) = 100
E.cess ( 4.50-3 ) = 1.50
as per above calculation , we will calculate service tax
monthly basis and deposit the same on date as per govt rule
( 5 of every month ) return of every six month
| Is This Answer Correct ? | 37 Yes | 13 No |
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