Repair & maintainence service
This query is : Resolved
20 February 2014
In case of works contract under repair & maintainence service , do we need to file the return by taking specific rate 2.47% directly on the services provided OR there is need to first bifurcate the abatement value ,then 60% of the remaining value and then service tax @ 12.36% , which one is correct method for filing the return?
And what about the tax rate on services provided b/w 1/4/2012-30/6/2012
Please reply soon
And what about the tax rate on services provided b/w 1/4/2012-30/6/2012
Please reply soon
21 February 2014
the second method..
1st one will not be acceptable.
take full value , less abatement and then on remaining 12.36%
rate as per composition method. 4% of total value.
1st one will not be acceptable.
take full value , less abatement and then on remaining 12.36%
rate as per composition method. 4% of total value.
Message likes :
1 times
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- FEMA regulation Act. for inward remitance
- TAX AUDIT QUESTION
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
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
