If any bill amount is inclusive of service Tax? How to
calculate?
- 12 Answers
- 93998 Views
- Mountain Edge, Savitri Engineering, I also Faced
- E-Mail Answers
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 |
Post New Answer View All Answers
Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards
Are woollen Blankets (Rugs) taxable under CST ? Can unregistered party sell it.
Please some one tell me what is the VAT or WCT rate for works contract at Tripura
how & on which amt tax should be calculate on pvt ltd company or ltd company
The CST assessement for the FY 2006-07 is completed on 31-3- 2010 and the same is received by dealer on 22-4-10. The question is that the dealer colud not produced the original H Forms at the time time asst. except the photostat copies filed. But the CTO not allowed and calculate tax at net 4% on H Forms turnover. CTO is saying that it is time barred by 31-3-10. Therefore even after produced we can not revise. We filed with case laws that it can be revised But when it is time barred it canot be. Therefore I request You to help the dealer ANYCASE LAW is there in the above case Pl. guide us.
please send me andhra bank clerk xam model papers
what was the VAT rate on inverters(home ups) in karnataka on 2016??
Can u provided all the dues date and depositing date which are used in general manner or Income tax..
Please let me know the depreciation rates.... com 2011-12.... Vechicle - Computer - Furniture - Tel instrument -
What are the procedures for remitting WCT?
Can you please provide me the present VAT precentages in Andhra pradesh and other states CST persentages with good's wise.
What is turnover limit for Auditing of Service Tax, VAT, Income Tax, Provident Fund, P. Tax and WCT? Please mail me at gautam_ch2 @ rediffmail.com or call me at 09831707812.
Please mail me the TDS rates for the year 07-08? aamirdeba@in.com
What will be the planned expenditure in the budget 2009-10
Whether C Form can be issued for the transactions that made 5-6 years back? What are the procedures?
