Civil contractor
Querist : Anonymous
What is the applicable service tax on the work of civil construction.
Suppose a contractor received the contract to build a water tank for a real estate co.
And the cost of contract is Rs. 10 lacs. Then contractor has to pay service tax on 40% of bill amount
or on the 33% of bill amount.
Please clarify.
Querist : Anonymous
U have to pay service tax on
Rs-1000000*40%*50%*12.36%
because 40 % value of service
50% due to service receiver is a Company
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