Quantification of service tax
This query is : Resolved
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) ?
please suggest me my service tax liability (works contract) ?
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.
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.
10 August 2011
Sir,
shall i claim CENVAT of Rs. 4120/-, that I had paid on my purchase bill of Rs. 40000/-
shall i claim CENVAT of Rs. 4120/-, that I had paid on my purchase bill of Rs. 40000/-
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