Applicability of Tax rate
This query is : Resolved
Lijo Philip
(Querist)
31 January 2011
Sir,
If a company as awarded two contract to one agency for civil construction work and in the rate of service tax charged are two different rates in first contract it was 4.12% (Composite rate) and in second contract 2.58 (75% of 10.30% - under the head "commercial & industrial construction). Is it viable to charge.
Regards,
Lijo Philip
If a company as awarded two contract to one agency for civil construction work and in the rate of service tax charged are two different rates in first contract it was 4.12% (Composite rate) and in second contract 2.58 (75% of 10.30% - under the head "commercial & industrial construction). Is it viable to charge.
Regards,
Lijo Philip
Madhukar N Hiregange
(Expert)
31 January 2011
Second option is available only for contracts which are not in the nature of works contract.
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