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If any bill amount is inclusive of service Tax? How to
calculate?
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Answer / sandhya b
If the bill Amount is 10,000/- and service tax is 12.36%
so Net bill Amt is 8,900 which :- 10000/1.1236= 8900
Service Tax :- 10000-8900= 1100
| Is This Answer Correct ? | 203 Yes | 47 No |
Answer / sachin sharma
service tax is charges as (see below)
amount accrued for service provided: 100000
servcie tax tereon is : 100000*12.36/100 = 12360
in case the amount of servcie provided is inclusive in amount received then calculation of service tax is:
100000*100/112.36 = 88999.64
this mean the value of services provide is 88999.65
and the service tax is 100000-88999.65 = 11000.35.
Reply from:
Sachin CS(Company Secretary)
Karnal (Haryana)
| Is This Answer Correct ? | 76 Yes | 15 No |
Answer / 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 |
Answer / mohit
NOW CURRENT RATE OF SERVICE TAX IS 12.36%.
IF BILL AMOUNT:- 10000/-
10000*12.36/112.36 =1100
SO SERVICE TAX AMOUNT RS, 11,000/-
ACTUAL BILL AMOUNT 8,900/-
| Is This Answer Correct ? | 73 Yes | 42 No |
Answer / babu
easy method..
100000/1.1236=88999.64
100000-88999.64=11000.36 ST 12.36%
| Is This Answer Correct ? | 30 Yes | 8 No |
Answer / amulya kumar nayak
If total amount rs 682 inclusive of service rates-14.5 % .
Then it basic amount calculation would be
100/114.5 * 682 =595.63.
| Is This Answer Correct ? | 20 Yes | 5 No |
Answer / sriram
Now Current Rate of Service Tax is 12.36%
For Example:
=10000*12.36/100
=1236
| Is This Answer Correct ? | 29 Yes | 15 No |
Answer / madhu baghel
Include amount 100000 service tax rate 14.5%
100/114.5*100000=87336.24
Actual bill amount 87336.24
Service tax =12663.76
| Is This Answer Correct ? | 9 Yes | 4 No |
Answer / jiju
if bill amount id 1000 inclusive 5%
amount calculation 1000 x 100/105 = 952.38
and 1000-952.38 = 47.62 (tax amount)
so 952.38+47.62 = 1000/-
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / gopesh parihar
Suppose
1. WIth tax total amount is = 545
2. tax percentage is = 9 %
formula = total amount*tax_percentage/100+tax_percentage
545*9/109=45
3. 545-45=500
4. Actual price is 500
5. Tax price is 45
| Is This Answer Correct ? | 0 Yes | 0 No |
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