https://www.taxtmi.com/forum/issue?id=2361 Calculation of service tax treats amounts received as the gross value of taxable services; applying a reverse calculation isolates the tax embedded in an inclusive amount. When contracts are not inclusive, it is advisable to charge service tax separately and over and above the service value to preserve clarity and avoid valuation disputes, with the reverse formula yielding the same tax result when applied to gross receipts. en-us Sun, 14 Nov 2010 16:19:55 +0530 Thu, 23 Jan 2025 15:58:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2361 Calculation of service tax treats amounts received as the gross value of taxable services; applying a reverse calculation isolates the tax embedded in an inclusive amount. When contracts are not inclusive, it is advisable to charge service tax separately and over and above the service value to preserve clarity and avoid valuation disputes, with the reverse formula yielding the same tax result when applied to gross receipts. Discussion-Forum Service Tax Sun, 14 Nov 2010 16:19:55 +0530 https://www.taxtmi.com/forum/issue?id=2361