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
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