Wali ur Rehman (Proprietor) (25 Points)
24 September 2016
Mir Irshad Ali
(Partner)
(192 Points)
Replied 25 September 2016
Since it is a contact for original work
Abatement of 60% in terms of Notfn No. 26/2012-ST
Service Tax is payable on 40% value of gross amount of contract.
Service Tax 14%
Swatch Bharat Cess 0.5%
Krishi Kalyan Cess 0.5%
Total 15% (on 40% value)
The Reverse charge, if any, applicable is to be examined as per Notfn No. 30/2012-ST.
Mir Irshad Ali
(Partner)
(192 Points)
Replied 25 September 2016
The abatement is as per Notfn No. 24/2012-ST
Wali ur Rehman
(Proprietor)
(25 Points)
Replied 26 September 2016
Sunil Kumar
(Indirect Taxation )
(1246 Points)
Replied 26 September 2016
No reverse charge is applicable in your case.
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