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..... how to calculate net service tax ? what are the basics of calculation? - Reply By Rama Krishana - The Reply = Refer to section 67 of the Service Tax (Chapter V of the Finance Act, 1994), the amount re .....

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..... ceived is treated as gross value and by applying reverse method you can calculate net service tax. On the other side, when you are going to raise the bill, it is advisable (if your contract is not inc .....

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..... lusive) you should charge service tax over and above the value of services. Thereafter the gross amount received by applying the reverse formula, you may get the same result. - calculation - Query St .....

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..... arted By: - Ankit Sachdeva Dated:- 14-11-2010 Service Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmana .....

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..... gementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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