HOW IS SERVICE TAX CALCULATED?
This is a tax recognized by the Relevant Tax Authority
Charged on services rendered to any given customer.
Calculation:- Value of service or goods xxx
Add % of Value of service x
Total value of service xxx
bill amount 100000/-
india tax rule as per – 12.36%
bill value is 100000/-
(add) service tax 12.36%
total value is è 112360
112360 is value of bill.
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