02 December 2015
if material portion seperately available in VAT records then total amount charged - material portion-vat amount is the service portion on which 14% + .5% of Swach Bharat Cess is to be levied
If material portion is not available then on notional basis if original works then 40% of Total Amount Charged if other than original works then 70% of Total amount charged is liable for Service Tax @14% + 0.5% of SB Cess
03 December 2015
Here is the explanation of Original Works (i) all new constructions; (ii) all types of additions and alterations to abandoned or damaged structures on land that are required to make them workable; (iii) erection, commissioning or installation of plant, machinery or equipment or structures, whether prefabricated or otherwise;
If i select notional option (labour cant be separated) So what is the rate of service tax is applicable i.e. 5.8% (40% taxable) or 10.15% 70% taxable).
CAclubindia
