I just want to know about, how to calculate service tax and On which amount does calculate a company?
From India, Mumbai
2From India, Mumbai
Hi Radimnight,
Service tax is similarly applicable on both firm and company however current ST rate is 14.5%
14% service tax
0.5% swachh bgarat cess,
From 1/6/2016 KKC will come into effect
therefore ST rate become 15%
Do remember.. if service cover abatement then calculation would be as follow.....
For eg. You have eaten food in restaurant
the restaurant will charge Service tax on 40% value i.e 5.8%
Regard
Devesh
From India, Basti
Service tax is similarly applicable on both firm and company however current ST rate is 14.5%
14% service tax
0.5% swachh bgarat cess,
From 1/6/2016 KKC will come into effect
therefore ST rate become 15%
Do remember.. if service cover abatement then calculation would be as follow.....
For eg. You have eaten food in restaurant
the restaurant will charge Service tax on 40% value i.e 5.8%
Regard
Devesh
From India, Basti
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Service Tax.pdf