what is serviuce tax,how to calculate service tax?
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Answer Posted / guddeti raveendra reddy
SERVICE TAX: AT PRESENT(02.11.10)10.3%
EX: TOTAL AMOUNT- 15000-00
ADD:SERVICE TAX-(15000*10/100)- 1500-00
:EDUCATION CESS- (1500*2/100)- 300-00
:HIGHER EDU CESS-(1500*1/100)- 150-00
TOTAL SERVICE TAX- 1950-00
GRAND TOTAL 16950-00
| Is This Answer Correct ? | 13 Yes | 6 No |
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