Rate of service tax
This query is : Resolved
Krishna Murty
(Querist)
15 August 2012
Sir
Kindly clarify
In works contract, work was executed during the year 2011-12. Till today we have not paid the service tax for the above said work Now we want pay service tax on composition rate. Now we have opted for composition. Now which rate the service tax payable i.e 4.12% or 4.944%.
Sir
Kindly clarify
In works contract, work was executed during the year 2011-12. Till today we have not paid the service tax for the above said work Now we want pay service tax on composition rate. Now we have opted for composition. Now which rate the service tax payable i.e 4.12% or 4.944%.
Amol S Joglekar
(Expert)
15 August 2012
prima facie the rate applicable with effect from 01/07/2012 will be applicable.
CA Nikhil Jhanwar
(Expert)
15 August 2012
Yes the rate applicable is 4.44% as per Rule 2A ST Valuation Rules, 2006
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- GST on reimbursement of expenses
- Visiting card purchase
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Additional trade name
- Wrong CMPo8 file
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
