what is serviuce tax,how to calculate service tax?
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Answer Posted / dipayan dey
Service tax is a tax which is charged from the customer
against the service and provider of service charged this
amount and deposited to central Govt. of India.
As per tax rule the service tax is 10.3%
If the bill valu is :- 100000
services tax :- (100000*10%) 10000
Education Cess :- (10000*2%) 200
Higher Edu Cess :- (10000*1%) 100
Grand total :- 110300
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