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| *Loan,banking and credit>>>tax calculation |
Calculation of service tax payment? |
Calculation of service tax payment? From your Query is is not clear as to which service is being provided by you. 1.Every service is not liable to service tax.Only those services which are notified as taxable services on the link below are subject to service tax http://allindiantaxes.com/service-tax-ta... 2.Though general rate of service tax is 12.24%(including cess); concessional rate is admissible due to abtement in value such as on Goods transport which is subject to 25% effective rate and many other services under Notification No.1/2006 Service tax on the link below: http://allindiantaxes.com/st_noti_2006_m... Source(s): www.allindiantaxes.com 10.2 % of total value of service provided say you charge someone Rs.100 for transportation then service tax is RS.10.20 Its 12.24%. Check before you reg: for service tax. |
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