COMPOSITE RATE
This query is : Resolved
CA. PABITRA MOHAN
(Querist)
27 January 2009
IF COMPOSITE RATE IS APPLICABLE FOR LEVYING SERVICE TAX,THEN BASIC RATE OF 12.36%IS NOT APPLICABLE. I WANT TO KNOW ON WHAT BASIS WE WILL CHARGE COMPOSITE RATE OR BASIC RATE
Arbind Aggarwal
(Expert)
29 January 2009
Composite means where supply and service are not seperated.
Service tax rate is 4% on the total value of the contract.
If can be seperated then, 12.36% on the service portion only.
Service tax rate is 4% on the total value of the contract.
If can be seperated then, 12.36% on the service portion only.
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