what is serviuce tax,how to calculate service tax?
Answer Posted / chandrashekhar
above 10 lacs than charge surchage on serviuce tax
otherwise we will ignore surcharge and after calculate
10%+3% on services
Is This Answer Correct ? | 52 Yes | 32 No |
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In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.
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