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If any bill amount is inclusive of service Tax? How to
calculate?
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Answer Posted / abhivirthi tax and industrial
If the Bill amount is inclusive of any tax, calculation of net amount may be arrived by applying the following formula.
1. Total Bill amount divided by 100+Tax Rate and multiplied by 100.
2. Total Bill amount multiplied by 100 and divided by 100+Tax rate
Bill amount x 100
----------------- = Net Amount
100+Tax Rate
Reply from:
ABHIVIRTHI Tax and Industrial Consultancy
R.R.JAGADEESAN
VAT Practitioner and Industrial Consultant
H-63, Palaami Enclave
New Natham Road,
Madurai-625014
Cell: 9994990599,
| Is This Answer Correct ? | 47 Yes | 13 No |
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