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Service tax calculator after Swachh Bharat Cess introduced

Service tax rate is increased indirectly after introduction of Swachh Bharat Cess on receipts at 0.5%. So indirectly service tax rate is increased from 14% to 14.5%. There are many other points too which needs to know. ( FAQs on Swachh Bharat Cess).

So there is an excel based calculator to calculate service tax amount including Swachh Bharat Cess.

There are many points to remember

•        Swachh bharat cess is not available for cenvat credit

•        Threshold limit of service tax is 10 lakhs.

•        Service tax rate is 14% from 1 June 2015.

•        Swachh Bharat cess is applicable on service at 0.5% from 15 November 2015.

•        Service covered in special valuation provision the effective rate will be calculated with 14.5%. For example the effective rate of tax on GTA service would be 14.5%*30=4.35% and not 14%*30=4.2%.
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Banking Calculators GST

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  1. सर मे वर्क्स कोंट्राक्ट सर्विस के भीतर सर्विस provide करताहु। उसमे में टीडीएस received करता हु। जैसेकि बिल मने १०,००,००० का बनाया उसमे मेने टीडीएस १०,००० received किया वोभी include है। मेरा प्रश्न यह है की मुजे सर्विस टैक्स, १०,००,००० पे paid करना है या ९,९०,००० पे paid करना पड़ेगा?