Author : Anonymous
( Author )
16 June 2012
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If a contractor provides services under the works contract of Rs. 90 lakhs in 2008-09 and Rs. 80 lakhs in 2009-10 and is not registered with the department, please tell what would be rate of service tax applicable on him, whether it would be 10.30% normal rate or 4.80% (Under composite scheme. Please also tell if the value of the goods in property is not available, then how the value of service can be arrived for charging service tax at 10.30%. As under the works contract there is no abatement, can 60% abatement made applicable on the total amount received by the contract and thereby taxing only 40%.
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