When the service provided is inclusive of service tax, the service tax liability on the receipt of ₹5,50,000 would be (assume service tax @ 14%)— (A) ₹67,980 (B) ₹67,544 (C) ₹77,570 (D) ₹66,000
CS Executive · Tax Laws and Practice · PYQS · June 2016
When the service provided is inclusive of service tax, the service tax liability on the receipt of ₹5,50,000 would be (assume service tax @ 14%)— (A) ₹67,980 (B) ₹67,544 (C) ₹77,570 (D) ₹66,000
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Service Tax
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