Repair & maintainence service

This query is : Resolved

SHWETA SADAKA (Querist)
Follow

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

CA Vikas Acharya

CA Vikas Acharya (Expert)
Follow

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.

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok