Calculation of Service Tax

[abhishreshthaa]

HOW IS SERVICE TAX CALCULATED?

This is a tax recognized by the Relevant Tax Authority
Charged on services rendered to any given customer.


Calculation:- Value of service or goods xxx

Add % of Value of service x

Total value of service xxx

for eg:
bill amount 100000/-
india tax rule as per - 12.36%
bill value is 100000/-
(add) service tax 12.36%
12360/-
total value is 112360
112360 is value of bill.

 

[jitendra05]

HOW IS SERVICE TAX CALCULATED?

This is a tax recognized by the Relevant Tax Authority
Charged on services rendered to any given customer.


Calculation:- Value of service or goods xxx

Add % of Value of service x

Total value of service xxx

for eg:
bill amount 100000/-
india tax rule as per - 12.36%
bill value is 100000/-
(add) service tax 12.36%
12360/-
total value is 112360
112360 is value of bill.

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