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What is the method adopted for computation of Service Tax ?

April 26, 2017adopted computation method service tax

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What is the method adopted for computation of Service Tax ?

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The method adopted for computation of Service Tax is on “Basic Fare” and as per the rates prescribed in the Finance Act from time to time. Currently the rates are for Domestic ticketing it is 0.618% and for International ticketing it is 1.236% of Basic Fare. “Basic Fare” means that part of the air fare on which commission is normally paid by the airline.