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Partly work contract

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30 October 2012 Work contract after 01.07.12 40% or 60% example:- water proofing contract, concrete contract, small contract like partly received
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
30 October 2012 If the water proofing, concrete contracts are in relation to immovable property then service tax will be on 60% works contract price and if it is in relation to goods then ST will be on 70% of works contract price.
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