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.
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