Quantification of service tax

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Pradip Shaw & Co (Querist)
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10 August 2011 My client is a contractor, going to construct a swimming pool. Total bill raised Rs. 50000/-, inclusive of all taxes and value of material. against which total purchase was made of Rs. 40000/-

please suggest me my service tax liability (works contract) ?

U S Sharma

U S Sharma (Expert)
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10 August 2011 it will come under works contract and service tax @ 4.12 % is payable on gross receipts.

48022 taxable value
1921 service tax
38 edu cess
19 S& HS EC

apart from this you may be liable for works contract tax under State vat.

Pradip Shaw & Co

Pradip Shaw & Co (Querist)
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10 August 2011 Sir,
shall i claim CENVAT of Rs. 4120/-, that I had paid on my purchase bill of Rs. 40000/-

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