Interested to Buy Any Domain ? << Click Here >> for more details...
Please tell me about service tax? And service tax latest
rate?
- 30 Answers
- 43357 Views
- CDS Technologies, Decoplast, Goods Transport, Jay International, TATA, The Institute of Computer Accountants, I also Faced
- E-Mail Answers
Answer Posted / nirbhay rao
service tax is a tax which is charged on providing on
services. it is indirect tax. it was started on 6 services
but in present time it is charged on 105 services.
The current service tax rate is 10.3% which include:
service tax - 10%
edu. cess - 2% on 10% = .2%
H & S cess - 1% on 10% = .1%
| Is This Answer Correct ? | 26 Yes | 2 No |
Post New Answer View All Answers
Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.
What qualification require for become a tax consultant ? what the future in this..???
CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?
What is Labour Cess? Pl. define. & what is rate of Labour cess.
How many types of vat categoryplease tell me all type of vat categories..............
What is calculate of tds
We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices
we have some central purchase bill against c form i want c form against this bill what requirment for form because we have not recived any c form from the cst office please advice me what i do . thanks
What doyou mean by assesment order? and for what purpose it will be passed?
HOW CAN TAKE THE MAXIMUM GRAUITY (EX RS.3.5 LAC)
While I prepare Form JJ for goods transfer I made a mistake that the value of goods is morethan the actual value(i.e. instead of Rs.92100/- I filed Rs.1354000/-)and the copy of JJ sheet is sealed in the checkpost one copy is taken in the checkpost. please anybody give me the exact solution. thanks
if cst sales and purchase is completed and we issue c form and received c form also.but in next month both sales and purchase are return. my question is how to pass reverse entry when c forms issue/receive. how it cst return also.
What is meant by asset clearance . how should i make my entries in tally
what is sales tax assesment or annuel return company and how to do end of the finiancial year and what is form no 240.
what is the entry tax explain briefly?
