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Abatement in works contract service

This query is : Resolved 
 


Querist : Anonymous (Querist) 05 April 2012

Dear Sir,
Please tell me that what is the abatement rate for works contract service,earlier abatement was 66.67% so now their is any change or not?
And as budget declared on 17.03.2012 so changed rates will be applicable from 1.4.2012 or from 17.3.2012.


CA Nikhil Jhanwar (Expert)
05 April 2012

Abatement of 66.67% is for Commercial Industrial COnstruction Service. There is no abatement in 'Works COntract Service'Although COmposition scheme is provided where rate of ST has been changed form 4% to 4.8%. Further general rate of Service tax has been changed from 10% to 12%


Querist : Anonymous (Querist) 21 April 2012

Thank u Sir



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